RECIPROCAL TARIFF EXCLUSIONS EXPANDED On April 5, 2025, new U.S. reciprocal tariffs took effect under Executive Order 14257. This order targeted products imported into the U.S. aspart of a shifting global trade policy. These tariffs apply to countries outside the United States-Mexico-Canada Agreement (USCMCA). To clarify the products impacted, [...]
April 9, 2025 | In a significant update to U.S. trade policy, the United States has announced a 90-day suspension of reciprocal tariff increases for the majority of its trading partners, while simultaneously raising tariffs on imports from China to 125%, effective immediately. The changes were confirmed in a statement [...]
On Monday April 7, 2025, the United States announced it will impose an additional 50% tariff on imports from China, effective 12:01AM EST, Wednesday, April 9. ADDITIONAL 50% ON CHINESE IMPORTS This action builds on previously enacted tariffs under the International Emergency Economic Powers Act (IEEPA), which include a 34% [...]
NEW 10% BASELINE TARIFF TO TAKE EFFECT APRIL 5 Starting at midnight on April 5th, a new baseline tariff of 10% will apply to all goods imported into the United States from countries not part of the USMCA (United States-Mexico-Canada Agreement). Goods from USMCA members—Mexico and Canada—will remain exempt, while [...]
The rollout of new carrier alliances is creating additional congestion across Europe’s major ports, impacting vessel backlogs, high yard utilization, and inland transport delays. As carriers transition to updated service networks, overlapping vessel rotations and shifting terminal assignments add pressure to strained operations in Rotterdam, Antwerp, Hamburg, and Le Havre. [...]
On March 11, 2025, the European Union (EU) announced retaliatory tariffs as 25% tariff on steel and aluminum U.S. imports went into effect at 12:01 a.m. March 12, 2025 ending all country-specific quotas and exclusions. These EU countermeasures target approximately €26 billion (around $28.4 billion) worth of U.S. goods and [...]
INTERNATIONAL MARITIME ORGANIZATION REAFFIRMS COMMITMENT TO GHG EMISSIONS REDUCTION At a recent press conference, the International Maritime Organization (IMO) announced its focus for advancing decarbonization efforts within the global maritime shipping industry in 2025. IMO Secretary-General Arsenio Dominguez reaffirmed the agency's ongoing commitment to reducing greenhouse gas (GHG) emissions [...]
BIS PUTS NEW EXPORT LICENSE APPLICATIONS ON "HOLD WITHOUT ACTION" The Bureau of Industry and Security (BIS) has paused reviews of new export license applications submitted after February 5, 2025. No formal announcement has been published from the agency, nor have the actions been announced on the White House website. [...]
U.S. TARIFFS ON CANADA, MEXICO, AND CHINA SET TO BEGIN ON FEBRUARY 1, 2025 The U.S. is set to implement significant new tariffs on imports from Canada, Mexico, and China, marking a major shift in trade policy that could have widespread economic implications. Beginning February 1, a 25% tariff [...]
2025 OCEAN CARRIER ALLIANCE RESTRUCTURING The container shipping industry is entering a period of change as major carriers realign their service networks for 2025 and beyond. The new and restructured alliances will reshape global trade lanes, redistribute capacity, and adjust port coverage, impacting supply chain planning and operational strategies. As these [...]
