On February 13, 2025, President Donald J. Trump announced the Fair and Reciprocal Plan, a new trade and tariff strategy aimed at addressing imbalances in international trade. This announcement follows the administration’s decision earlier in the week to impose 25% tariffs on steel and aluminum imports. According to President Trump, [...]
On February 10, 2025, President Donald J. Trump issued a proclamation adjusting imports of steel into the United States. WHITE HOUSE REINSTATES 25% TARIFF ON STEEL IMPORTS, NO EXEMPTIONS OR ALTERNATIVE AGREEMENTS This action reinstates a 25% tariff on steel imports, removing previous exemptions and alternative agreements with countries such [...]
U.S. TARIFF ON CHINA AMENDED BY NEW EXECUTIVE ORDER The latest U.S. Presidential Executive Order, signed on February 5, 2025, reinstates de minimis duty-free treatment for certain Chinese-origin goods impacted by the February 1, 2025, Executive Order on the Synthetic Opioid Supply Chain in the People’s Republic of China. [...]
NEW U.S. TARIFFS ON CANADA, CHINA, MEXICO: OVERVIEW The global supply network is rapidly adjusting to new U.S. tariffs on Chinese-origin goods, effective February 4, 2025, at 12:01 a.m. ET. While tariffs on Canada and Mexico remain on hold until March 5, 2025, businesses relying on China for raw [...]
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 [...]
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 [...]
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 U.S. Department of Homeland Security has added 37 entities to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List, to combat the use of forced labor linked to the Xinjiang region of China. This marks the largest single expansion of the list to date, bringing the total number [...]
On December 20, 2024, Mexico terminated a program that previously allowed U.S. apparel and textile importers to avoid paying duties by utilizing Mexican warehouses as fulfillment hubs through the Manufacturing, Maquila, and Export Services Industry (Industria Manufacturera, Maquiladora y de Servicios de Exportación) “IMMEX” program. The Mexican government’s decree, announced [...]
