In a major legal development for international trade, the U.S. Court of International Trade (CIT) ruled on May 28 that President Trump’s “Liberation Day” tariffs—enacted under the International Emergency Economic Powers Act (IEEPA)—exceeded presidential authority…
CMA CGM has announced a Peak Season Surcharge (PSS) on Transpacific Eastbound lanes, effective May 16, 2025. The surcharge applies to cargo originating from Asia, Bangladesh, India, Pakistan, and Sri Lanka, and destined for the…
Tariffs have long been one of the most hotly debated tools in global trade. They can serve as a lever for protecting domestic industries, as a source of revenue, and as a geopolitical weapon. In…
On April 2, President Donald Trump unveiled a sweeping tariff policy that will affect nearly every U.S. trading partner. Under the new “reciprocal” tariff system, all imports into the U.S. will face a minimum 10% tariff starting April 5, with higher…
President Trump has circled Wednesday, April 2, on the calendar and dubbed it “Liberation Day.” But for importers, exporters, and logistics professionals, it’s shaping up to be a day of high-stakes policy shifts—especially around tariffs.…
Overall This week, the Drewry composite index increased by 2%. Freight rates between various ports have shown diversity; rates from Rotterdam to New York decreased 2%. Rates from Shanghai to Los Angeles and Shanghai to…
On January 20th, President Donald Trump issued the America First Trade Policy, signaling a return to an aggressive stance on trade designed to prioritize American businesses, workers, and economic security. The policy builds on previous…
The Panama Canal has long been a vital artery for global trade, dramatically shortening maritime routes between the Atlantic and Pacific Oceans. Built by the United States and operated for much of its existence under…
The latest: RECIPROCAL TARIFFS, STEEL AND ALUMINUM DERIVATIVES LIST PUBLISHED February 14, 2025 U.S. Announces Plan for Reciprocal Tariffs The U.S. government has announced a plan to impose reciprocal tariffs on countries that maintain higher…