INTERNATIONAL MARITIME ORGANIZATION REAFFIRMS COMMITMENT TO GHG EMISSIONS REDUCTION At a recent press conference, the International Maritime Organization (IMO) announced its focus for advancing decarbonization efforts within the global maritime shipping industry in 2025. IMO Secretary-General Arsenio Dominguez reaffirmed the agency's ongoing commitment to reducing greenhouse gas (GHG) emissions [...]
U.S. TARIFF ON CHINA AMENDED BY NEW EXECUTIVE ORDER The latest U.S. Presidential Executive Order, signed on February 5, 2025, reinstates de minimis duty-free treatment for certain Chinese-origin goods impacted by the February 1, 2025, Executive Order on the Synthetic Opioid Supply Chain in the People’s Republic of China. [...]
NEW U.S. TARIFFS ON CANADA, CHINA, MEXICO: OVERVIEW The global supply network is rapidly adjusting to new U.S. tariffs on Chinese-origin goods, effective February 4, 2025, at 12:01 a.m. ET. While tariffs on Canada and Mexico remain on hold until March 5, 2025, businesses relying on China for raw [...]
U.S. TARIFFS ON TRADE PARTNERS TAKE EFFECT ON TUESDAY, FEBRUARY 4, 2025 On Saturday, February 1, 2025, the White House announced a series of tariff measures effective Tuesday, February 4, 2025. These tariffs were enacted under the International Emergency Economic Powers Act (IEEPA), the National Emergencies Act, Section 604 [...]
U.S. TARIFFS ON CANADA, MEXICO, AND CHINA SET TO BEGIN ON FEBRUARY 1, 2025 The U.S. is set to implement significant new tariffs on imports from Canada, Mexico, and China, marking a major shift in trade policy that could have widespread economic implications. Beginning February 1, a 25% tariff [...]
UK & NORTHERN EUROPE BRACE FOR DANGEROUS WINTER STORM Ports and ocean carriers are bracing for significant schedule disruptions across Northern Europe as extreme weather sweeps through the English Channel and the Bay of Biscay. UK ports, already strained by previous storms Éowyn and Herminia, are seeing worsening delays, with [...]
The Port of Savannah (SAV) is becoming an essential hub for imports from India to key U.S. markets. Investments in rail infrastructure and strategic port connections anchors SAV’s position as a reliable option for importers moving goods from India to destinations like Atlanta, Chicago, and Dallas. SPEED TO MARKET: INDIA-U.S. [...]
WHITE HOUSE MEMORANDUM On January 20, 2025, President Trump published a memorandum (memo) introducing the America First Trade Policy as a strategy designed to reshape U.S. trade relationships and address long-standing trade challenges. The memo outlines a strategic review of trade agreements, tariffs, and international trade practices with a [...]
The U.S. Department of Homeland Security has added 37 entities to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List, to combat the use of forced labor linked to the Xinjiang region of China. This marks the largest single expansion of the list to date, bringing the total number [...]
WORK STOPPAGE AVERTED: U.S. EAST COAST AND GULF COAST PORTS REMAIN OPERATIONAL The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) announced on January 8, 2025, that they have reached a tentative agreement on all terms for a new six-year Master Contract. Both parties have agreed [...]
