The Iran engagement unfolding in the Middle East has created a de facto shutdown of the Strait of Hormuz, a significant gateway for the world’s oil supply. Global fuel prices have been rocked by this, with price increases being seen from crude oil to the unleaded fuel powering most of our vehicles. Three immediate concerns…
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With the recent escalation of military action in Iran and the broader Middle East, it is important to understand the implications for international supply chains, both in the near and short term. The most immediate concerns revolve around ocean cargo moving in and out of the Middle East, as well as air freight services and…
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President Trump has announced plans to reduce tariffs on Indian-origin goods from 25% to 18%, on Truth Social. While details are still emerging, the change has different implications for shipments already moving through the supply chain versus new bookings. Shipments Currently in Transit Shipments already in transit are expected to be assessed at the 25%…
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On Sunday, February 1, 2026, workers supporting Bangladesh’s Chittagong Port infrastructure staged a work action, halting operations at all terminals and surrounding warehouses and Customs offices. The labor action surrounds a decision to allow DP World, a foreign company, to take complete control of Chittagong’s most important marine terminal. Local workers are concerned about job…
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With the implementation of the CBSA Assessment and Revenue Management (CARM) system, CBSA has modernized its approach to trade compliance enforcement. The agency can now conduct more targeted and timely verifications, while continuing to encourage voluntary compliance and support a level playing field for importers. As part of this approach, CBSA has identified several key…
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The Office of the US Trade Representative (USTR) has announced targeted action under Section 301 of the Trade Act of 1974 in response to Nicaragua’s ongoing labor rights abuses, human rights violations, and dismantling of the rule of law. USTR has determined that these acts, policies, and practices are unreasonable and burden or restrict US…
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The White House has announced a series of new trade and cooperation agreements with Malaysia, Cambodia, Thailand, and Vietnam. These agreements include Memoranda of Understanding (MOUs) on critical minerals, framework agreements, and joint statements on trade, investment, and border peace. Cambodia Cambodia’s agreement appears to be the most developed, with complete annexes and schedules released.…
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UPDATED: 10/1/2025—Key trade and tariff operations are moving forward largely unaffected by the recent government funding lapse. USTR is keeping all 237 employees on staff, emphasizing its role in advising the President on tariff negotiations. Commerce will continue most export control work, with the Bureau of Industry and Security retaining the majority of its staff.…
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In April, the US Trade Representative issued their final assessment for port fees applied to vessels and vessel operators with Chinese ownership. An overview of the fees, changes from the original announcement and timelines of implementation, can be found here. With less than one month to implementation, set to begin on October 14, we can…
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The United States and European Union have announced a new framework agreement setting the stage for closer cooperation on tariffs, market access, and supply chain security. Both sides describe it as a starting point that could expand over time to cover additional areas of trade and investment. As part of the agreement, the EU intends…
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