FREIGHT MARKET UPDATE | WEEK 8 | 2026
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U.S.–INDONESIA TRADE AGREEMENT ESTABLISHES APPAREL TRQ, MAINTAINS 19% RECIPROCAL TARIFF
The United States and Indonesia have finalized a bilateral trade agreement that maintains the existing 19% reciprocal tariff on Indonesian goods while creating a new tariff-rate quota (TRQ) for certain Indonesian textile and apparel products. Under the agreement, qualifying textile and apparel goods from Indonesia will be permitted to enter [...]
SUPREME COURT RULE IEEPA DOES NOT AUTHORIZE THE PRESIDENT TO IMPOSE TARIFFS
On February 20, the U.S. Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) does not grant the president authority to impose tariffs. In a 6–3 decision, the Court concluded that while IEEPA permits the president to “regulate … importation” in response to an unusual or extraordinary threat, [...]
U.S. AND TAIWAN SIGN RECIPROCAL AGREEMENT, 15% ALL-IN TARIFF AND COORDINATED IMPORT RESTRICTIONS ON OTHER COUNTRIES
A new reciprocal trade agreement between the United States and Taiwan, signed on February 12, 2026, establishes a unified 15 percent all‑in tariff framework for most Taiwanese goods while significantly expanding market access in both directions. Originally announced back in January, the accord is positioned as part of a broader [...]
FREIGHT MARKET UPDATE | WEEK 7 | 2026
February continues to show uneven demand across Asia–U.S. trade lanes as the market moves through the Chinese New Year holiday window and carriers tighten their networks. Transpacific execution is being shaped by aggressive capacity withdrawals, elevated rollover exposure, and ongoing congestion at select Asia origin ports. Air cargo demand is [...]
WHITE HOUSE ANNOUNCES ADDITIONAL TARIFFS ON IMPORTS FROM COUNTRIES DOING BUSINESS WITH IRAN
On February 6, 2026, the White House published an executive order that states the United States’ long-standing national emergency with respect to Iran continues and directs the creation of a process that could lead to additional tariffs on imports from certain foreign countries. EXECUTIVE ORDER: ADDRESSING THREATS TO THE UNITED STATES [...]
U.S.-INDIA INTERIM TRADE AGREEMENT FRAMEWORK ANNOUNCED AS U.S. LIFTS ADDED 25% DUTY TIED TO INDIA PURCHASES OF RUSSIAN OIL
On February 6, 2026, The White House released a U.S.–India joint statement describing a framework for an “Interim Agreement” on reciprocal and mutually beneficial trade, positioned as a step within broader bilateral trade agreement negotiations. Issued the same day, an executive order removes an additional 25% ad valorem duty that had been applied to [...]
CHATTOGRAM PORT STRIKE SUSPENDED FOR 48 HOURS: BACKLOG AND VESSEL DELAYS PERSIST
Port workers at Chattogram Port (formerly Chittagong Port) in Bangladesh agreed on Thursday to suspend strike activity for a 48 hour period following discussions with government officials, allowing limited port operations to resume. The labor action, which began in late January in opposition to the proposed lease of the New [...]
FREIGHT MARKET UPDATE | WEEK 6 | 2026
February finds the freight marketing navigating uneven demand across Asia-U.S. trade lanes in the lead up to Lunar New Year with ongoing capacity management by ocean carriers, and evolving U.S. trade policies. Transpacific lanes continue to see blank sailings and rollover, while India-origin cargo remains relatively stable. Air cargo [...]
WHITE HOUSE ANNOUNCES TRADE AGREEMENT WITH INDIA
The White House released a statement detailing an understanding between the United States and India regarding trade, tariffs, and energy sourcing. The statement references intended changes to reciprocal tariffs and non-tariff barriers, as well as expanded commercial cooperation. This follows a series of India-related trade actions in 2025 that were [...]