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10 Minute ReadRussia Sanctions Bill Passes House, Setting Up Possible 100% Tariffs on 15 Countries; September Set to Be Busiest 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.
9 Minute ReadSchumer's Bill to Repeal Section 338 and 122 Lands as Russia Sanctions House Vote Odds Improve; Panama Canal Cuts Squeeze TPEB Capacity
Schumer introduced a bill to repeal Section 338 and 122 tariffs, House odds improve on Russia sanctions, and Panama Canal cuts squeeze TPEB capacity.
10 Minute ReadCanada's Retaliatory Tariffs on $20B of U.S. Exports Take Effect Sept. 8; TPEB Rates Hit a Four-Year High as Panama Canal Cuts Transit Slots
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.
12 Minute ReadCanada Section 338 Tariff Deadline Pushed to Aug. 22, Auto and Alcohol Duties Suspended; Typhoon Dolphin Backs Up 2.4M TEU at Shanghai, Ningbo
Canada's Section 338 tariff deadline moves to Aug. 22 with auto and alcohol duties suspended, and Typhoon Dolphin backs up 2.4M TEU at Shanghai and Ningbo.