Supply Chain Weekly Roundup: US Reaches Deal to Lower Tariffs on China, Ocean Carriers Not Returning to Red Sea Despite Ceasefire
This week: US negotiates deal with China to lower tariff rates for 90 days, remove other trade barriers Trump announces US-Houthi ceasefire, but ocean carriers not likely to resume Red Sea transits DOT asks for trucking deregulation ideas, receives nearly 900...
U.S.–China Reach New Trade Agreement: What It Means for Tariffs and Duty Drawback
The United States and China have announced a new bilateral trade agreement following high-level negotiations in Geneva. This marks the first joint trade statement between the two countries in years and introduces major changes to tariffs and trade policy that could...
Supply Chain Roundup: US Ends De Minimis Exemption for China, Drayage Industry Braces for Downturn, LTL Q1 Rate Surge
This week: US ends de minimis exemption for imports from China, trans-Pacific air cargo volumes drop After handling a surge in imports, US drayage industry prepares for downturn and a later turnaround Despite lowered volumes and cautious shippers, US LTL industry...
US Shippers Waiting for “Dust to Settle” on Tariffs, Blank Sailings Increase on Trans-Pac Lines, US LTL Reclassification Coming
This week: US shippers waiting for the “dust to settle” on Trump tariffs before resuming business plans As US importers cancel or suspend orders, blank sailings on trans-Pacific lines increase Changes to US LTL classification system coming, causing some to prepare and...