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 [...]
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 [...]
UK & NORTHERN EUROPE BRACE FOR DANGEROUS WINTER STORM Ports and ocean carriers are bracing for significant schedule disruptions across Northern Europe as extreme weather sweeps through the English Channel and the Bay of Biscay. UK ports, already strained by previous storms Éowyn and Herminia, are seeing worsening delays, with [...]
As Week 05 begins, the freight market is navigating significant evolving global carrier alliances, is feeling the impact of the Lunar New Year public holiday, and continues to monitor the Red Sea region. OCEAN CARRIERS REMAIN CAUTIOUS OF RED SEA ROUTINGS Ocean carriers continue avoiding the Red Sea and [...]
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 [...]
As Week 04 unfolds, the freight market is preparing for several challenges and transitions, including shifts in global carrier alliances, the upcoming Chinese New Year holiday, regional supply chain disruptions, and pending trade revisions by the new U.S. Administration. CAPACITY PRESSURES AND ALLIANCE ADJUSTMENTS The market is experiencing 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 [...]
