U.S. Customs and Border Protection (CBP) has released updated guidance on the recently expanded steel tariffs under Section 232 of the Trade Expansion Act. While there were no changes to the original list of steel products affected, the update corrects classification numbers for some steel derivative goods. What This Means for Importers As of June […]
Read MoreAmerican companies rushed to import goods from Asia in May, triggering record-setting export figures from Vietnam, Taiwan, and Thailand as they moved to beat a looming deadline for new U.S. tariffs proposed by President Donald Trump. The surge in shipments—driven by fears of steep “reciprocal” tariffs that could take effect in early July—has upended normal […]
Read MoreImport duties imposed by the Trump administration have caused well-documented disruptions to container services, but what is less often reported is the impact these taxes are having on U.S. ports and terminals. In May 2024, the Biden administration imposed a 25% tariff on ship-to-shore (STS) cranes. More recently, former President Trump has floated the idea […]
Read MoreThe World Bank has downgraded growth projections for 70% of global economies, blaming escalating trade tensions and policy uncertainty. JPMorgan Chase warns the U.S. economy is likely to grow at a sluggish pace, while Elon Musk predicts tariffs could spark a recession in the second half of the year. This turbulence raises a central question: […]
Read MoreAs of 12:01 a.m. ET on June 4, tariffs on most steel and aluminum imports into the United States have officially doubled—from 25% to 50% ad valorem—following a proclamation issued by President Trump. An exception remains in place for imports from the United Kingdom, which will continue to be subject to the original 25% tariff […]
Read MoreSpot rates on the trans-Pacific trade lane are climbing even faster than during the pandemic-driven spike of spring 2021, fueled by a surge in Asian imports ahead of looming U.S. tariff hikes. This rush, triggered by a temporary pause in tariffs enacted under the Trump administration, has ocean carriers pushing rates aggressively to maximize revenue […]
Read MoreOn May 28, 2025, the U.S. Court of International Trade (CIT) issued a significant ruling that blocks the Trump Administration’s use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs on foreign imports. The decision impacts a broad range of tariffs, including those targeting fentanyl-related imports from Canada, Mexico, and China, as well […]
Read MoreGlobal air cargo demand continued its upward trend in April, driven by seasonal shipments, pre-tariff front-loading, and falling fuel prices. However, the International Air Transport Association (IATA) has cautioned that evolving trade dynamics—particularly in the U.S.—may impact demand in the months ahead. According to IATA’s latest Air Cargo Market Analysis, total air cargo demand, measured […]
Read MoreA U.S. trade court has overturned former President Donald Trump’s sweeping tariffs on global imports, offering some clarity after months of shipping disruptions—but also triggering new concerns for importers. On Wednesday, the U.S. Court of International Trade ruled that Trump exceeded his authority by using emergency powers to impose a blanket 10% tariff on most […]
Read MoreWidebody freighter capacity on the transpacific trade lane is rebounding, though it still trails volumes seen this time last year. According to data from aviation consultancy Rotate, widebody freighter capacity between Asia Pacific and North America rose 18% over the past 24 hours compared to the same period last week—an increase equivalent to 10 additional […]
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