On June 13, the global energy market reacted sharply to breaking news: Israel had carried out a strike on Iranian military targets. Early fears suggested a broader escalation could be underway, perhaps even one that would drag in Iran’s critical oil infrastructure. While that didn’t happen (Iran’s oil facilities were untouched), the market didn’t wait for confirmation. Diesel futures spiked nearly 8%. Crude oil prices … Read More
Steel & Aluminum Duties Double Under Trump’s Latest Trade Action
On June 4, 2025, steel and aluminum tariffs in the United States will double, from 25% to 50%, under a new directive by President Donald Trump. This move marks the administration’s latest effort to shield America’s core manufacturing industries from what it calls “unfair trade practices and global excess capacity,” and to restore critical production capabilities that the White House argues are essential to national … Read More
Trump’s Global Tariffs Face Legal Setback After Court Decision
In a landmark decision, the U.S. Court of Appeals for the Federal Circuit has issued a permanent injunction blocking key portions of former President Trump’s tariff program—potentially reshaping U.S. trade policy. The Trump administration has already filed an appeal, setting the stage for a legal showdown that may ultimately reach the Supreme Court. The ruling stems from the case V.O.S. Selections, Inc. v. Trump (Docket … Read More
U.S. and China Agree to 90-Day Tariff Reprive: What It Means for Importers
After weeks of mounting trade tensions, the U.S. and China have struck a deal to significantly reduce import tariffs for 90 days, offering a crucial window of relief for global supply chains. The agreement, announced following high-level talks in Switzerland, will slash mutual tariffs by up to 115%. For many logistics and supply chain leaders, this temporary reprieve is a welcome reset after last month’s … Read More
U.S.-UK Trade Pact Keeps 10% Tariff Wall Intact
On May 8, 2025, President Donald Trump and UK Prime Minister Keir Starmer unveiled a limited trade agreement aimed at easing certain tariffs and expanding market access between the two nations. While the deal marks a diplomatic milestone, it retains the controversial 10% baseline tariff on most UK exports to the U.S., signaling that protectionist policies remain a cornerstone of Trump’s trade strategy. Key Provisions … Read More
Inside U.S. and Peru Trade: What Moved, What’s Next, and Why It Matters
The trade relationship between the United States and Peru is a dynamic and strategic partnership that continues to support economic growth and stability for both nations. This alliance was solidified with the United States–Peru Trade Promotion Agreement (PTPA), signed on April 12, 2006, and officially entering into force on February 1, 2009. Since then, the PTPA has significantly enhanced trade liberalization, removed tariffs on most … Read More
U.S.–China Trade War Heats Up: Tariffs Target Tech and Electronics
The U.S.–China trade relationship is once again in the global spotlight as tensions escalate through a new wave of tariff actions and investigations. While both countries remain locked in a retaliatory tariff cycle, recent developments indicate that the U.S. is expanding its trade enforcement strategy beyond broad-based tariffs, targeting strategic industries like semiconductors, pharmaceuticals, and critical minerals. Spotlight on Semiconductors: The Centerpiece of a New … Read More
In Real Time: Today’s Top Tariff Headlines
Tariff Timeline: A Real-Time Look at 2025’s Key Trade Shifts June 4th- Steel & Aluminum Duties Double Under Trump’s Latest Trade Action Steel and aluminum tariffs in the United States will double, from 25% to 50%, under a new directive by President Donald Trump. This move marks the administration’s latest effort to shield America’s core manufacturing industries from what it calls “unfair trade practices and … Read More
U.S.Tariff Update: What You Need to Know as of April 10, 2025
As of April 10, 2025, significant changes to U.S. import tariffs have gone into effect under Executive Order 14257. If you’re moving goods into the U.S., these changes could impact your supply chain and cost structures over the next several months. Here’s a breakdown of what’s changed, what it means for your business, and how to stay compliant. Universal 10% Duty Rate – Country-Specific Tariffs … Read More
US to Slap 104% Tariff on China After Deadline Expires
In a significant escalation of trade tensions, the United States has confirmed the implementation of a 104% tariff on Chinese imports, effective 12:01 a.m. ET on Wednesday. This move follows China’s refusal to withdraw its 34% retaliatory tariffs on American goods by President Trump’s Monday deadline. The White House emphasized that this action aims to address longstanding trade imbalances and unfair practices by China. White … Read More