June Carrier & Ocean Freight Update

Port Fees on Chinese-Built Vessels: The Baltic and International Maritime Council (BIMCO), is developing a standard clause to address how ocean carriers will handle new U.S. port fees on Chinese ships, which take effect Oct. 14 and are expected to significantly raise...

50% Tariffs on Steel and Aluminum

President Trump signed a proclamation increasing tariffs on steel and aluminum imports (and their derivative articles) from 25% to 50%, effective June 4, 2025 at 12:01am ET. UK Exception: Imports from the United Kingdom will remain at 25% under the new U.S.-UK...
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