UPDATED March 3, 2025 Click to read the most current information about these tariffs: https://www.greenworldwide.com/u-s-tariffs-on-china-hong-kong-canada-and-mexico-latest-updates-trade-impact/ The United States has increased tariffs on Chinese imports from 10% to 20% under a new Executive Order signed on March 3, 2025. However, important details remain unclear. The order does not specify whether [...]
UPDATED MARCH 3, 2025 AT 4:28 PM CST: U.S. Customs and Border Protection (CBP) has issued Federal Register Notices detailing tariff implementation for imports from Canada and Mexico, effective March 4, 2025. These notices confirm how goods will be classified under the Harmonized Tariff Schedule (HTSUS) and clarify de [...]
ILA-USMX CONTRACT RATIFIED The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) proposed six-year contract has been ratified. Rank-and-file members of the International Longshoremen’s Association at Atlantic and Gulf Coast ports have overwhelmingly approved the key provisions of a new six-year master contract with the United [...]
FREIGHT VOLUMES REMAIN BELOW PRE-HOLIDAY LEVELS Market activity remains subdued, though a slight improvement over the previous week has pushed volumes to approximately 40% of pre-Lunar New Year levels. However, weak demand and the impact of new tariff policies continue to restrict a full recovery. With limited signs of [...]
SLOW FREIGHT RECOVERY CONTINUES With Week 08 underway, global freight volumes remain sluggish, as demand struggles to recover following Lunar New Year closures and new tariff policies. Market activity is currently at 30-40% of pre-holiday levels, with a gradual rebound expected after mid-March as manufacturing operations ramp up. GEMINI [...]
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 [...]
FREIGHT MARKET OUTLOOK: VOLUME REBOUND DELAYED UNTIL MID-MARCH With Week 07 underway, the freight market remains in flux, experiencing soft demand following the Lunar New Year holiday. Uncertainty with U.S. trade actions is creating shifts in seasonal bookings, while new carrier alliances are restructuring capacity across various trade lanes. [...]
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. [...]
SPECIAL EDITION U.S. TARIFFS ON KEY TRADE PARTNERS: CHINA, CANADA, & MEXICO Week 06 finds the freight market responding to a shifting global trade landscape as the U.S. rolls out new tariffs on key trade partners. The first tariffs targeting Chinese-origin goods, took effect on February 4, 2025, at [...]
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 [...]
