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
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