July 31, 2025 | Trade & Logistics Update In a major breakthrough, the United States and European Union have reached a landmark agreement to suspend billions of dollars in retaliatory tariffs and establish a new cooperative trade framework. Announced over the weekend and formally introduced by President Trump on July 28, the deal is being hailed as a turning point in U.S.–EU trade relations, potentially … Read More
How U.S. Tariffs Quietly Crushed Peak Shipping Season
As August 1st approaches, it’s clear that this year’s peak season never truly arrived. Despite ocean carriers’ attempts to raise freight rates through a General Rate Increase (GRI), market conditions simply wouldn’t cooperate. Soft demand, shifting tariff timelines, and volatile policy swings under the so-called “TACO” strategy have upended traditional shipping cycles. Rates for August are now falling, not rising, and with booking volumes down … Read More
U.S. Seals Deals with Indonesia, Japan, and the Philippines Ahead of August 1 Tariffs
With just days left until August 1st, when a new wave of U.S. tariffs is set to take effect, some countries have successfully struck deals with Washington to ease the impact on their exports. These agreements, along with retaliatory measures from the European Union and updates on negotiations with other key nations, signal major shifts for global supply chains. Here’s what you need to know: … Read More
Trump’s 30% Tariff Threat on EU and Mexico
On July 12, 2025, President Donald Trump announced plans to impose 30% tariffs on nearly all imports from the European Union and Mexico, with the measures scheduled to take effect on August 1. The announcement, made via Truth Social, marks one of the most aggressive trade moves in recent history and has triggered global concern, from diplomatic circles to financial markets. What’s Behind the Tariff … Read More
U.S. to Impose 35% Tariff on Canadian Goods
In a major escalation of trade tensions, President Trump announced that the United States will impose a 35% tariff on Canadian-origin goods starting August 1, 2025. The decision, shared via social media late on July 10, was justified by the administration as a response to several concerns: the flow of illicit fentanyl across the northern border, Canadian tariffs on U.S. dairy, and ongoing non-tariff trade … Read More
New Round of Country-Specific Tariff Letters Announced
With less than a month until new tariffs take effect, the U.S. has accelerated its rollout of country-specific reciprocal tariff letters, now reaching 22 countries in total. These tariffs are set to be enforced at 12:01 a.m. EDT on August 1, following the expiration of the current extension period. These tariffs fall under the country-specific reciprocal tariff framework, a policy intended to address long-standing trade … Read More
Massive U.S. Tariff Increases Coming August 1st
In a strategic and unilateral move, the U.S. government has extended its tariff pause from July 9 to August 1, 2025, and implemented new tariff rates for 14 countries, including key trade partners like Japan, South Korea, Malaysia, and Indonesia. On July 7, 2025, President Trump invoked the International Emergency Economic Powers Act (IEEPA), the National Emergencies Act, and the Trade Act of 1974, reaffirming a national emergency over … Read More
Historic U.S.–Vietnam Trade Pact Redefines Market Access
In a significant development on the global trade front, President Donald Trump announced a new trade agreement between the United States and the Socialist Republic of Vietnam. The deal, struck following direct discussions with General Secretary Tô Lâm of the Communist Party of Vietnam, introduces a sweeping framework for tariffs, market access, and cooperation, one that could reshape the economic relationship between the two nations. … Read More
Global Tariff Shake Up: Key Updates from June 2025
The Trump administration has activated a wide-reaching tariff campaign worldwide but paused key reciprocal tariffs until July 9 to allow space for negotiations with the EU and other regions. With only the UK deal finalized so far, all eyes are on whether deals with the EU, China, and Canada can be sealed in the next three weeks. US‑China Framework Takes Shape On June 10 in … Read More
How Middle East Tensions Are Disrupting Supply Chains
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