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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
Potential ILA Strike Threatens Supply Chains – Are You Ready?
The negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have hit a significant impasse, driven by disagreements over port automation. After walking away from talks in November 2024, the ILA has warned of a potential strike if their demands are not met before the January 15, 2025 deadline. The ILA’s stance remains firm, and a strike could lead to … Read More
Impact of Future Tariffs on Freight Forwarding
As global trade evolves, businesses involved in importing and exporting face an increasingly complex challenge: navigating fluctuating tariffs. These taxes on imported goods profoundly affect costs, disrupt supply chain efficiency, and erode profitability. For companies reliant on reliable freight forwarders for exports, understanding the implications of upcoming tariff changes and proactively adapting strategies is essential to remain competitive in a dynamic global marketplace. The Ripple … Read More
Post-Election Concerns and how to be prepared
As the dust settles after the recent elections, businesses in the supply chain industry face a rapidly changing landscape. Policy shifts, tariff revisions, and international trade tensions are poised to redefine how goods move across borders. The upcoming Chinese New Year in February 2025 adds another layer of complexity, bringing seasonal disruptions to an already strained global supply chain. In this blog, we’ll explore these … Read More
What Does the Renewal of the GSP Mean for Trade?
The Generalized System of Preferences (GSP) is a long-standing U.S. trade program aimed at fostering economic growth in developing countries while benefiting American businesses. By allowing duty-free imports of eligible products from designated countries, the GSP promotes economic stability abroad and provides U.S. companies with cost-effective access to essential goods. However, this program has been expired since December 31, 2020, leaving many traders in a … Read More