05 May 2025

De Minimis Crackdown: U.S. Slams Door on Duty-Free Chinese Imports

As of May 2, the United States has officially ended the de minimis exemption for packages arriving from China and Hong Kong. This change eliminates duty-free entry for shipments valued under $800, subjecting them instead to significantly higher tariffs and stricter customs procedures. Under the new policy, affected packages will either face a 120% tariff […]

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24 Apr 2025

Contract Gridlock: How Tariffs Are Stalling Global Trade

Ongoing uncertainty around the Trump administration’s shifting tariff policies is disrupting the usual schedule for signing annual service contracts between ocean carriers and importers on the eastbound trans-Pacific trade lane. According to sources cited by the Journal of Commerce, negotiations that typically conclude by late April for contracts starting May 1 have been delayed by […]

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22 Apr 2025

Trade Tensions Stitch Trouble for US Apparel Imports

A recent report from consultancy firm Trade Partnership Worldwide has raised concerns over the potential impact of heightened tariffs and port fees on the US apparel trade. If current tariff hikes become permanent and additional fees on Chinese vessels are enforced, the US could see a noticeable decline in clothing imports, the study warns. While […]

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21 Apr 2025

USTR Finalizes Section 301 Actions on China Shipbuilding

The U.S. Trade Representative (USTR) has announced its final actions regarding the Section 301 investigation into China’s shipbuilding industry, introducing significant changes from the initial proposals. Key Changes and Fee Structure: Revised Fees: Instead of a flat fee, new fees will be based on vessel net tonnage (NT) or container count and will apply per […]

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18 Apr 2025

India Emerges as Key Pivot in Asia’s Supply Chain Shake-Up

Rising trade tensions between the United States and China are expected to trigger significant shifts in Asia’s supply chain dynamics, as regional manufacturers look to diversify markets and mitigate risks, according to Indian industry sources. Speaking to the Journal of Commerce, several experts noted that Chinese exporters, grappling with declining demand from the US due […]

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14 Apr 2025

Tariffs Trigger Chaos as Carriers Slash Sailings

Ocean carriers operating on the eastbound trans-Pacific trade are preparing to cancel more sailings following a surge in booking cancellations last week. The uncertainty surrounding steep U.S. tariffs on Chinese goods is prompting shippers to pause or abandon freight plans, potentially leaving vessels departing China half-empty well into May. Gene Seroka, Executive Director of the […]

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13 Apr 2025

Global Shipping Industry Gripped by Uncertainty as U.S.-China Trade War Escalates

The global maritime sector is navigating turbulent waters as the U.S.-China trade war continues to fuel widespread uncertainty. Industry leaders say the constantly evolving tariff landscape has made long-term planning nearly impossible. Jacob Winthereik, interim CEO of Lauritzen Bulkers, noted that with new tariffs being introduced or modified almost weekly, the industry sees no signs […]

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11 Apr 2025

Impact of Executive Order: “Modifying Reciprocal Tariff Rates to Reflect Trading Partner Retaliation and Alignment”

Overview of Tariff Adjustments Effective immediately, the Executive Order introduces revised reciprocal tariff rates to align with global trade dynamics and address retaliatory measures by trading partners. These changes aim to promote fair trade practices while supporting domestic industries. Updated Tariff Structure Products Originating from China, Hong Kong, or Macau Applicable tariffs include: Commodity-specific Most-Favored-Nation […]

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