News Alert: White House Signals Imminent Tariff Actions Without New Trade Deals
With the pause on sweeping U.S. global tariffs set to expire in less than two weeks, President Trump announced this past weekend that…
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Freight Market Update – May 2025
The ocean freight market has flipped from oversupply to a severe capacity crunch as Transpacific demand surges. With bookings up over 50% and new GRIs taking effect June 1, rates are climbing fast. A massive backlog in China, early peak season, and port congestion risks are creating major challenges for importers. This May 2025 update covers everything you need to know, including new carrier services, premium rate trends, and planning tips ahead of the August tariff deadline.
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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…
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US Rail Strike Averted
US cold storage demand rises, warehouse hiring declines, 80% declines in profits projected for carriers by 2024, and delays from typhoon Hinnamor across east Asia
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China’s COVID-19 Flare-Ups, Lockdowns Disrupting Supply Chain Again
Chinese residents continue to battle the Omicron and Delta variants of the coronavirus while the country clings to its Zero-COVID protocols. As cases…
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Take a Look at the Record-breaking Port Congestion From 10,000 Feet Above, As 70 Hulking Cargo Ships Park Off the LA Coast
Article by Grace Kay | Tue, September 21, 2021, 12:25 PM | 3 min read Every day last week, key ports in Southern…
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Will Customs Be Ready For Upcoming TFTEA Drawback Regulations?
Importers and exporters in the USA as well as our drawback experts at JMR have been preparing for new drawback regulations that will…
