U.S. TARIFFS ON TRADE PARTNERS TAKE EFFECT ON TUESDAY, FEBRUARY 4, 2025 On Saturday, February 1, 2025, the White House announced a series of tariff measures effective Tuesday, February 4, 2025. These tariffs were enacted under the International Emergency Economic Powers Act (IEEPA), the National Emergencies Act, Section 604 [...]
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 [...]
The Port of Savannah (SAV) is becoming an essential hub for imports from India to key U.S. markets. Investments in rail infrastructure and strategic port connections anchors SAV’s position as a reliable option for importers moving goods from India to destinations like Atlanta, Chicago, and Dallas. SPEED TO MARKET: INDIA-U.S. [...]
WHITE HOUSE MEMORANDUM On January 20, 2025, President Trump published a memorandum (memo) introducing the America First Trade Policy as a strategy designed to reshape U.S. trade relationships and address long-standing trade challenges. The memo outlines a strategic review of trade agreements, tariffs, and international trade practices with a [...]
The project cargo industry is currently feeling optimistic due to the extensive energy, infrastructure, and industrial projects in the US. However, the uncertainty of the new presidential administration, especially for renewable energy projects, could dampen this optimism. Project cargo is the specialized transportation of large, heavy, or critical components—such [...]
REVISED PANAMA CANAL TRANSIT RESERVATION SYSTEM AND TARIFFS Starting January 1, 2025, the Panama Canal Authority (ACP) will implement significant changes to its Transit Reservation System. These adjustments, which include revised tariffs, aim to streamline operations and better address the growing demands of global trade. "These changes will provide [...]
The European Union’s (EU) efforts to reduce transport carbon emissions are entering a new phase in 2025. An upcoming expansion of the Emissions Trading System (ETS) launches in 2025, and carriers are reporting that shippers will face hefty increases in their ETS surcharges. These increases come at a time [...]
In 2023, Mexico emerged as the United States’ largest trading partner, surpassing China for the first time. Trade between the two nations surged to nearly $800 billion, signaling a dramatic shift in global supply chain dynamics. This realignment is largely attributed to several recent disruptors, including U.S.-China trade tensions, [...]
As the new administration takes office, one of the most closely watched areas of economic policy is the potential shift in trade strategies—particularly when it comes to tariffs and free trade agreements. With the global economy still navigating the after-effects of the pandemic, supply chain challenges, and evolving geopolitical [...]
The U.S. Environmental Protection Agency (EPA) has awarded nearly $3 billion in grants through its Clean Ports Program, a major initiative funded by the Inflation Reduction Act, to support zero-emission port equipment, infrastructure, and climate-focused planning at ports across 27 states and territories. The new funding builds on the [...]
