Russia Sanctions and Secondary Tariffs Bill Signed Into Law: The bill authorizing tariffs of up to 100% on countries tied to Russian oil purchases or sanctions evasion, which cleared the House last week, is now law. The president signed H.R. 5334 on Sept. 18.
Russia Sanctions and Secondary Tariffs Bill Signed Into Law: The bill authorizing tariffs of up to 100% on countries tied to Russian oil purchases or sanctions evasion, which cleared the House last week, is now law. The president signed H.R. 5334 on Sept. 18.
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.
This week in global logistics: the White House bans Canadian motorcycles, dairy, and alcohol products starting Sept. 29, and more
Schumer introduced a bill to repeal Section 338 and 122 tariffs, House odds improve on Russia sanctions, and Panama Canal cuts squeeze TPEB capacity.
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.
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.
The Senate passed a bill allowing 100% tariffs on buyers of Russian oil, with a House vote pending, as new Section 232 polysilicon tariffs take effect Dec. 4.
BIS proposes adding cables, cranes, and other copper, steel, and aluminum goods to Section 232 coverage at 25%, with public comments due to BIS by Aug. 27.