U.S. Customs and Border Protection (CBP) has announced plans to revise de minimis rules in response to the surge in e-commerce shipments, aiming to streamline administrative processes and crack down on illegal goods entering the U.S. The proposed changes, revealed yesterday, include mandatory submission of additional shipment information and the establishment of a fully electronic […]
Read MoreE-commerce shipments to the US are showing signs of a shift from air cargo to sea freight, with potential changes to de minimis rules likely to accelerate this trend. This perspective was highlighted during Freightos’ “Global Freight Outlook” webinar, which explored how actions by the incoming Trump administration might impact e-commerce airfreight. Currently, de minimis […]
Read MoreOn December 20, 2024, Mexican President Claudia Sheinbaum enacted a decree introducing measures aimed at safeguarding Mexico’s textile and apparel sectors while addressing compliance issues related to the country’s IMMEX program. This shift in Mexico’s trade and manufacturing policies will lead to higher import costs for several goods and may require adjustments from importers, especially […]
Read MorePlanned U.S. tariffs on Chinese imports are expected to accelerate a shift in containerized trade toward Vietnam, Thailand, and South Korea, according to Linerlytica. Vietnam has emerged as a key player, with containerized exports to the U.S. surpassing two million TEUs in the first 10 months of 2024. This marks a doubling since 2017 and […]
Read MoreA survey conducted by Descartes Systems Group reveals that rising tariffs and trade barriers are the primary concerns for global supply chain leaders. According to the 2024 Supply Chain Intelligence Report: Escalating Challenges for Global Supply Chain Leaders, 48% of respondents cited these issues as their top challenge, followed by supply chain disruptions (45%) and […]
Read MoreUS retailers are accelerating their year-end import volumes, planning to bring in an additional 350,000 TEUs this November and December compared to forecasts from just a month ago. The surge aims to preempt disruptions from a potential East and Gulf Coast dockworker strike in January and significant tariff hikes proposed by President-elect Donald Trump. According […]
Read MoreThe air cargo sector is adopting a cautious “wait and see” stance regarding the possible impact of new US tariffs and heightened regulatory scrutiny for e-commerce shipments. This sentiment was echoed during the Tiaca Air Cargo Forum, where industry leaders discussed how anticipated policy changes could reshape the market. At the forum, Tiaca’s executive director […]
Read MoreThe air cargo industry may face significant setbacks if the new U.S. administration, potentially led by Donald Trump, enforces stricter regulations on low-value e-commerce shipments, as industry experts anticipate. Judah Levine, head of research at Freightos, suggests that changes could come to the “de minimis” exemption, which currently allows imports valued under $800 to bypass […]
Read MoreAs China’s Golden Week holiday disruptions wind down, airlines are shifting more capacity to high-demand routes between Asia Pacific and North America, preparing for the busy Christmas season. According to the U.S. National Retail Federation (NRF), holiday consumer spending is projected to increase by 2.5% to 3.5% over last year, with e-commerce expected to grow […]
Read MoreOn December 26, the Office of the United States Trade Representative (USTR) made an important announcement regarding the extension of active Section 301 China product exclusions. Originally slated to conclude on December 31, 2023, the 429 exclusions are now set to endure until May 31, 2024, as outlined in a comprehensive report by the RV […]
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