On May 16, 2025, U.S. Customs and Border Protection (CBP) began processing refunds tied to overpaid duties resulting from tariff stacking—where multiple overlapping tariffs were applied to the same import entry. The refund mechanism follows Executive Order 14289, signed April 29, which prohibits cumulative tariff application across certain national security [...]
On May 12, 2025, the White House issued an Executive Order that formalizes the tariff suspension announced in the U.S.–China Joint Statement released one day prior. The new order provides guidance for implementing the 90-day tariff suspension that grants relief for U.S. importers sourcing goods from China, Hong Kong, [...]
NEWLY ANNOUNCED 90-DAY TARIFF SUSPENSIONS COULD REDUCE IMPORT COSTS ON CHINESE GOODS—IF COMPANIES MOVE QUICKLY On May 12, 2025, the United States and China jointly agreed to temporarily roll back key tariffs imposed over the past six weeks. While the agreement suspends 24 percentage points of newly added tariffs [...]
On May 8, 2025, President Donald Trump and UK Prime Minister Keir Starmer announced a new U.S.–UK trade framework, marking a significant shift in transatlantic trade policy. The leaders outlined mutual commitments to improve market access, reduce trade barriers, and protect strategic industries. "The deal includes billions of dollars of [...]
EUROPE’S PORTS EXPERIENCE ONGOING CONGESTION Port congestion remains a factor across Northern Europe’s container hubs, including Antwerp, Rotterdam, Hamburg, and London Gateway. While backlogs persist, logistics teams are adapting—adjusting routings, timelines, and transport strategies to maintain freight movement in a tight operating environment. GROWING IMPORT PRESSURE IMPACTS EUROPEAN SUPPLY NETWORK [...]
On April 29, 2025, President Trump signed a new Executive Order that limits the cumulative application or “tariff stacking” of certain U.S. tariffs, reducing duty exposure on targeted imports from Canada and Mexico—including autos, auto parts, aluminum, and steel. The order applies retroactively to all entries made on or after [...]
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 [...]
