The House passed a bill enabling up to 100% tariffs on 15 countries tied to Russian oil trade and sanctions evasion, CAPE Phase 3 restarts Oct. 6, and September is on pace to be the busiest U.S. import month on record for TPEB.
The House passed a bill enabling up to 100% tariffs on 15 countries tied to Russian oil trade and sanctions evasion, CAPE Phase 3 restarts Oct. 6, and September is on pace to be the busiest U.S. import month on record for TPEB.
Canada retaliates against Section 338 with tariffs on $20B of U.S. exports from Sept. 8, while TPEB rates hit a four-year high and Panama Canal cuts slots.
A bipartisan deal on the Russia sanctions bill advances secondary tariffs that could hit China and India, as Strait of Hormuz transits fall 90% year over year.
Section 301 tariffs on Brazil take effect July 22, stacking with Section 122 duties, as a Strait of Hormuz closure restricts 200K TEU of ocean capacity.
Section 232 duties on Taiwanese auto parts and wood products drop to 15%, retroactive to May 1, as China air rates spike on supply contraction.
The U.S. revises Section 232 tariffs on steel, aluminum, and copper effective April 6, while key Asian and Northern European ports face ongoing congestion.
A new U.S.-India trade deal cuts the effective duty on Indian goods from 50% to 18% as TPEB and FEWB carriers plan upcoming blank sailings.
The EU and India strike a landmark trade deal cutting duties on most goods, as port congestion strains key Asian and Northern European shipping hubs.