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
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
U.S.–China Trade War Heats Up: Tariffs Target Tech and Electronics
The U.S.–China trade relationship is once again in the global spotlight as tensions escalate through a new wave of tariff actions and investigations. While both countries remain locked in a retaliatory tariff cycle, recent developments indicate that the U.S. is expanding its trade enforcement strategy beyond broad-based tariffs, targeting strategic industries like semiconductors, pharmaceuticals, and critical minerals. Spotlight on Semiconductors: The Centerpiece of a New … Read More
In Real Time: Today’s Top Tariff Headlines
Tariff Timeline: A Real-Time Look at 2025’s Key Trade Shifts June 4th- Steel & Aluminum Duties Double Under Trump’s Latest Trade Action 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 … Read More
“Liberation Day” Arrives: U.S. Unveils Sweeping New Tariffs
President Donald Trump marked what he termed a “Declaration of Economic Independence” at the high-profile “Make America Wealthy Again” event, announcing comprehensive new tariffs aimed at reshaping America’s trade relationships globally. Dubbed “Liberation Day” by the administration, the strategy introduces a baseline tariff of 10% on virtually all imports into the U.S., significantly altering the landscape of international commerce. A Strategic Shift in Global Trade … Read More
White House Suspends Tariffs on Canadian and Mexican USMCA Goods—AGAIN!
In an important development impacting trade relations within North America, the White House announced today that effective 12:01 a.m. EST on March 7, 2025, the recently imposed International Emergency Economic Powers Act (IEEPA)-based tariffs on goods from Canada and Mexico will be temporarily suspended for all products compliant with USMCA origin requirements. This temporary suspension will remain in effect until April 2, 2025, the date … Read More
Trump Halts Tariffs on Mexican Imports – But for How Long?
The trade landscape took another sharp turn this week as President Donald Trump announced a temporary pause on tariffs for Mexican goods covered under the United States-Mexico-Canada Agreement (USMCA). This decision, which grants a reprieve until April 2, comes amid heightened economic uncertainty, market fluctuations, and growing concerns from businesses about rising costs. A Strategic Pause Amid Trade Tensions After discussions with Mexican President Claudia … 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
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