Major container shipping lines are doubling spot rate prices on shipments from China to the U.S. West Coast, aiming to capitalize on the 90-day pause in steep U.S. tariffs on Chinese goods. The rate increase is fueled by a surge in bookings, as importers rush to move...
The U.S. and China have agreed to ease recent tariff measures as part of a 90-day pause in their trade dispute, effective by May 14, 2025. Each side will lower tariffs by 115% while keeping a 10% base tariff in place. They will also roll back specific additional...
The U.S. Trade Representative (USTR) has announced updated measures aimed at countering China’s dominance in global shipbuilding and maritime logistics. Taken under Section 301 of the Trade Act, these actions are intended to strengthen U.S. shipbuilding and reduce...
The U.S. administration announced a temporary 90-day exemption for certain tech products, including smartphones, laptops, memory chips and monitors from the latest 125% tariff on imports from China. However, Secretary of Commerce Howard Lutnick clarified that these...
This afternoon President Trump announced new reciprocal tariffs on imports from many countries. These tariffs will start at a minimum of 10% but many countries will be at a higher rate. For example, China's rate was announced at 34% and the EU at 20%. You can view the...
During a press conference on March 26, 2025, President Trump announced a new 25% tariff on all imported automobiles and parts, effective April 3rd. The president then signed a proclamation invoking Section 232 of the Trade Expansion Act of 1962. The tariffs will apply...
Recent developments reported by the Wall Street Journal suggest that U.S. administration is considering narrowing the scope of the reciprocal tariffs planned for April 2. The U.S. administration still plans to announce reciprocal tariffs, with some flexibility and...
The U.S. Customs and Border Protection (CBP) has issued an update regarding the additional duties on energy and energy resources imported from Canada. Additional guidance is provided around the energy products subject to a 10% additional duty that do not qualify under...
Countries continue to announce retaliatory tariffs and trade restrictions in response to recent U.S. tariff increases. Below is a summary of the recent actions: Starting March 10, China imposed additional tariffs of 10% to 15% on various U.S. agricultural products,...
The International Longshoremen's Association (ILA) has successfully signed a new six-year Master Contract Agreement with the United States Maritime Alliance (USMX). This significant development ensures continued stability and efficiency across all East and Gulf Coast...
