The global trade landscape has been in constant flux since the beginning of 2025. Amid a flurry of executive actions, evolving tariff structures, and high-stakes negotiations, staying informed is more important—and more difficult—than ever. Here's a breakdown of the latest developments shaping US trade policy and its key relationships. Reciprocal Tariff Suspension A major area…
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Effective July 19, the changes outlined in Docket 2025-1 will significantly impact the structure of the National Motor Freight Classification (NMFC) system. As the industry pivots towards a more standardized and efficient classification structure, businesses must be proactive in understanding these updates and their potential impacts. Changes in Docket 2025-1 The NMFC Guide is transitioning…
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On June 3, 2025, President Trump signed a proclamation doubling tariffs on imported steel and aluminum—from 25 percent to 50 percent. The change took effect just hours later, at 12:01 am ET on June 4. According to the administration, the move aims to protect national security by strengthening domestic production of critical materials. The increased…
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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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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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