A major shipping lane is back in the spotlight after the container vessel Safeen Prestige was struck by a projectile while transiting the Strait of Hormuz on March 4.
Iran War Disrupting Shipping
After what Donald Trump described as “major combat operations,” strikes on Iranian targets have intensified fears of wider conflict, putting critical oil routes and international shipping lanes on edge.
Trump Imposing Section 122 Tariffs
After the Supreme Court of the United States struck down President Donald Trump’s tariffs under IEEPA on February 20, the administration pivoted fast—announcing new levies under Section 122 of the Trade Act of 1974.
Supreme Court Ruling On Tariffs
A final Supreme Court ruling on tariffs imposed by the Trump Administration could come as early as Friday. Friday, January 9, will be an opinion day where the Supreme Court will discuss and potentially make a decision.
Mexico Imposing A 50% Tariff
Mexico has officially approved steep new tariffs that could ripple across international shipping lanes. On December 10, Mexico’s Congress voted to raise duties on more than 1,400 imports from China and other Asian countries.
US Extending China’s Tariff Pause
On August 11, President Trump signed an executive order extending the tariff pause with China, pushing the start of higher rates to November 10.
Court Blocking Trump’s Tariffs
In a major shake-up for international trade, the U.S. Court of International Trade has ruled against President Trump’s 10% tariff—calling it unlawful.
Trump Wants The Panama Canal
🌎 Trump says the U.S. should reclaim the Panama Canal over rising fees caused by drought. With the U.S. as the canal’s top user, tensions could rise. How will this impact international shipping.
Trump Is Imposing Tariff Hikes
The Trump administration is shaking up global trade. Starting January 20th, President-elect Trump plans to impose a 25% tariff hike on imports from Canada, and Mexico. This move can have major implications for global trade.
ILA Port Strike Beginning
After months of failed negotiations, the ILA port strike has begun. Dockworkers across East and Gulf Coast ports are protesting the end of their six-year contract with the (USMX), which expired on September 30th.