In a significant development for transatlantic commerce, the United States and the European Union have announced a new Framework on an Agreement on Reciprocal, Fair, and Balanced Trade. This agreement marks a pivotal first step towards reducing trade barriers, enhancing market access, and strengthening the economic relationship between two of the world’s largest markets. For […]
Read MoreNew data from WorldACD suggests that airfreight volumes between the Asia Pacific and the US are showing signs of life, while those headed to Europe have declined. This could be an early indicator of a market rebalancing as the US finalizes new tariffs. For the week ending August 10, chargeable weight from China to the […]
Read MoreU.S. containerized imports surged to an all-time monthly high in July as shippers rushed to frontload cargo ahead of potential new tariffs, according to PIERS. Total volumes hit 2.609 million TEUs, up 17.5% from June and surpassing the previous record set in May 2022. While China remained the top origin, U.S. importers accelerated shipments from […]
Read MoreSouth Korean carrier HMM cautioned Wednesday that global container shipping faces heightened volatility as tariff grace periods expire and trade negotiations continue. “The expiry of tariff grace periods and ongoing renegotiations are expected to increase market volatility, with regional demand shifts likely to sustain supply chain congestion,” HMM said in its first-half earnings commentary. The […]
Read MorePresident Trump has issued a new Executive Order delaying China tariffs that were set to take effect at 12:01 a.m. ET on August 12, 2025. The 90-day tariff pause extends the implementation date to November 10, 2025, allowing more time for the U.S. and China to finalize a trade agreement. According to the Executive […]
Read MoreOn August 6, 2025, President Trump signed a new Executive Order imposing a new 25% tariff on Indian imports, effective 12:01 a.m. ET on August 27. The measure is part of a broader U.S. trade strategy in response to India’s continued oil trade with Russia, which the administration sees as a threat to U.S. national […]
Read MoreOn July 31, 2025, President Trump signed a new Executive Order titled “Further Modifying the Reciprocal Tariff Rates”, which increases and restructures U.S. tariffs on imports from a wide range of foreign countries. This action builds on Executive Order 14257, first issued in April 2025, which declared a national emergency due to persistent U.S. trade […]
Read MoreOn July 30, 2025, President Trump signed an Executive Order raising tariffs on a wide range of Brazilian imports to a total of 50%, up from the previous 10%. The action, which takes effect immediately, reflects escalating trade tensions and national security concerns cited by the administration. This announcement comes on the heels of other […]
Read MoreEffective August 1, 2025, the U.S. government has announced a 50% tariff on all imports of semi-finished copper products and intensive copper derivative products. This move, issued by President Trump in a formal Proclamation on July 30, aims to protect domestic industries and adjust trade dynamics for copper-related goods. What the New Copper Tariff Means […]
Read MoreEffective August 29, 2025, President Trump’s latest Executive Order eliminates the de minimis exemption for most commercial imports valued at $800 or less, a move that will significantly impact international shipping and customs practices for businesses and online retailers. What Is the De Minimis Exemption? The de minimis exemption allowed imported goods valued at $800 […]
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