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 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.
Trump announces 25% tariffs on all steel and aluminum imports effective March 12 as Flexport launches its Tariff Simulator for landed-cost forecasts.
Flexport launches its Tariff Simulator as Trump threatens universal tariffs on semiconductors, steel, and pharmaceuticals plus emergency Colombia duties.
The Panama Canal cuts daily transits to 31, risking 2-3 day delays, while record-low Amazon River levels in Brazil disrupt LATAM ocean routings.
Ocean rates on transpacific and LATAM lanes keep sliding as soft demand outpaces supply, while India floating rates have stabilized ahead of July GRIs. U.S. trucking stays loose, with tender rejections below 3%.
Strikes at Le Havre and Fos-sur-Mer have eased, Italy sees stable ocean rates, and Mainland China's post-pandemic reopening continues. Air lead times in LATAM range from 2–10 days depending on country, and U.S.-Mexico cross-border shippers should book 5–7 days ahead.
Ocean capacity exceeds demand on most trade lanes, while air freighter capacity on the Transpacific is shrinking as carriers cut losses. A regional breakdown covers TAWB, LATAM, FEWB, Asia air, and South Asia conditions.
Excess vessel capacity is keeping pressure on ocean rates in the TAWB and LATAM trades through Q2. Air freight capacity out of Asia looks slightly positive in Q2 before tightening in Q3.