As of March 4, 2025, new additional duties on imports from Canada are officially in effect. These tariffs, imposed under Executive Order 14193, are part of the U.S. government’s efforts to combat the flow of illicit drugs across the northern border and strengthen national security. If your business imports goods from Canada, it’s crucial to understand the changes and ensure compliance with U.S. Customs and … Read More
CBP’s Update on Increased Tariffs for Imports from China and Hong Kong
The U.S. government has escalated its trade measures against China and Hong Kong, doubling additional duties on imports from these regions. As of March 4, 2025, new tariffs of 20% apply to most imports, reflecting the latest action under the Executive Order on the Synthetic Opioid Supply Chain signed on March 3, 2025. U.S. Customs and Border Protection (CBP) has provided updated guidance for businesses … Read More
Zero Hour: Trump’s Tariffs on Canada, Mexico, and China Take Effect
The wait is over. After weeks of speculation and debate, President Donald J. Trump has officially imposed tariffs on imports from Canada, Mexico, and China. These sweeping measures, effective today, mark a bold move in the administration’s effort to tackle drug trafficking, illegal immigration, and trade imbalances. While the world watched, markets braced for impact, businesses scrambled to adjust, and global leaders weighed their responses. … Read More
Tariffs, Inflation, and Investment: The Unfolding Economic Impact
The recent imposition of tariffs by President Donald Trump has ignited significant debate among economists and industry experts about their potential consequences for the U.S. economy. While the administration asserts that these measures aim to protect domestic industries and reduce trade deficits, critics warn of possible adverse effects, including increased consumer prices, investment deterrence, and economic stagnation. One of the immediate concerns surrounding tariffs is … Read More
Trump Announces 25% Tariffs on Steel and Aluminum Imports
In a move set to shake global markets and intensify ongoing trade disputes, U.S. President Donald Trump announced plans to introduce new 25% tariffs on all steel and aluminum imports. This decision, revealed to reporters aboard Air Force One en route to the Super Bowl in New Orleans, marks a significant escalation of Trump’s aggressive trade policy. Key Highlights of the Announcement: New 25% Tariffs: … Read More
Trade War Update: China’s New Tariffs on U.S. Goods
The commercial trade war between the U.S. and China continues to escalate as both nations levy tariffs on each other’s goods. China recently announced it would impose additional tariffs on U.S. imports starting on February 10th in retaliation for the Trump administration’s earlier tariff actions. This move has significant implications for global trade, particularly in industries like energy, agriculture, and automobiles. At the same time, … Read More
Countdown to Tariffs: Mexico and Canada in Uncertainty
From February 1st, the United States will impose a 25% tariff on imports from Mexico and Canada, setting off a new wave of uncertainty for the North American supply chain. With this new measure, multiple questions about how businesses will navigate the coming changes are emerging. President Trump’s announcement has raised numerous concerns, leaving industry stakeholders scrambling to clarify everything from logistics to compliance. The … Read More
Texas Ports Resume Operations After Winter Storm Enzo
Winter Storm Enzo, which recently swept through Texas, Louisiana, and Florida, caused significant disruptions across the region, including major shipping hubs. The storm, which brought rare snowfalls and extreme winter conditions, forced several Texas ports to temporarily shut down. However, as the storm moves out and conditions improve, port operations are gradually resuming. This recovery is crucial for both regional and global supply chains, especially … Read More
Are Ocean Carriers Headed Back into Choppy Financial Waters?
A ceasefire in the war between Israel and Hamas has opened fresh considerations for the global shipping sector, which is already grappling with a range of economic and geopolitical challenges. Over the past few years, the ocean shipping industry has been on a rollercoaster of market volatility, with disruptive economic conditions and shifting supply chain demands driving cargo rates skyward—at least until recently. Now, many … Read More
No Strike on the Horizon: ILA and USMX Reach Agreement
The new year is off to a promising start for America’s ports and the global supply chain. On January 8, 2025, the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) announced they had reached a tentative six-year master contract agreement—effectively averting a strike that could have disrupted shipping operations across the East and Gulf coasts. What Does the Agreement Mean? No Immediate … Read More