After years of tit-for-tat tariff hikes, the United States and China have stepped back from the brink, but they have not gone back to “normal.” Recent gestures following talks between President Trump and President Xi in Busan, South Korea, have cooled the temperature, trimmed some tariffs, and paused a few escalation triggers. Yet for shippers, importers, and exporters, landed costs on China–US trade lanes remain … 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