The Canada Border Services Agency (CBSA) has confirmed that as of May 20, 2025, at 3:00:01 a.m. EDT, importers without Release Prior to Payment (RPP) financial security on file will be required to pay duties and taxes at the time of release. This change, following the end of the CARM transition period, is expected to cause significant…
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Pakistan’s shipping and logistics sector is currently facing multiple operational challenges that are disrupting cargo movement and increasing costs for shippers and consignees. Port Congestion at Port QasimPort Qasim, which had previously remained fully operational, is now experiencing significant congestion. Reports indicate that container gating-in is taking several hours, primarily due to a surge in…
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When reciprocal tariffs on China were announced in early April, ocean bookings quickly ground to a halt. It was clear then that once those tariffs were rationalized, the ocean freight market would face significant disruption. While a general 55 percent tariff on goods from China is far from ideal for most importers, it is likely…
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The United States and China have agreed to a 90-day suspension of recent tariff increases, on the reciprocal tariffs aiming to foster a more stable economic relationship and open channels for continued dialogue. Effective by May 14, 2025 United States Actions: The US will suspend 24 percentage points of the additional tariffs imposed on Chinese…
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President Trump has announced progress toward a trade agreement with the United Kingdom, following discussions with UK Prime Minister Keir Starmer. While the White House has released a fact sheet highlighting broad outlines of the proposed deal, no official agreement or detailed terms have been published, and negotiations remain ongoing. According to the fact sheet,…
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A recent escalation in tensions between India and Pakistan has led to significant disruptions in regional shipping networks, with Pakistan bearing the brunt of the impact. Following a deadly attack on Hindu tourists in Kashmir, India imposed a ban on Pakistani-flagged ships from entering its ports, citing national security concerns. In a reciprocal move, Pakistan…
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What is a derivative? A derivative article is a product made from a primary material, such as auto parts, cookware, nails, or furniture. What steel or aluminum derivatives are subject to additional duties under Section 232? On February 10, 2025, the President issued Proclamation 10895 and 10896 on Adjusting Imports of Aluminum and Steel into…
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The US Trade Representative issued its final assessment of port fees on Chinese operators and vessels on Thursday April 17, 2025. This decision follows the original recommendations made in February, targeting China’s dominance of the maritime sector. The fees announced on Thursday represent significant changes from the original issuance, taking into account public comments and…
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UPDATE: 4/11/2025—The ongoing trade tensions between the United States and China have escalated once again, with both countries continuing to impose retaliatory tariffs in response to each other's measures. In a recent development, the White House issued an Executive Order announcing a significant increase in tariffs on Chinese imports, raising them from 84 percent to…
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President Donald Trump has suspended the country specific reciprocal increases, and currently the all-country reciprocal rates remain at 10 percent. The European Union responded by pausing its own retaliatory countermeasures, signaling a possible cooling of recent trade tensions. The announcement came during a press conference at Trump National Doral in Florida, where the president framed…
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