- All
- GLC Employee News
- Shipping News
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
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
EU Prepares Countermeasures Against U.S. Tariffs
Tensions between the United States and European Union are escalating—again. On May 7, the European Commission launched a public consultation on potential retaliatory tariffs targeting a wide swath of U.S. goods. This move comes amid stalled negotiations to resolve newly imposed U.S. duties, including a 20% tariff on EU products and 25% on vehicle imports. The Stakes: €95 Billion in U.S. Goods at Risk The … 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