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.
Containers Are Lost At Sea
Severe weather is disrupting shipping routes around Africa, forcing containerships to halt their journeys around the Cape of Good Hope. With waves over 30 feet high and powerful winds, vessels are seeking shelter from the cyclone’s wrath. Since over 600 ships navigate these treacherous waters, the impact on global cargo movement is set to increase. Continue reading to stay informed on how this could affect international trade.
Explosion At Ningbo Port
On August 9th, a vessel carrying hazardous materials exploded at the Beilun Phase III Terminal in Ningbo port, halting traffic at one of China’s busiest shipping hubs. As the world’s second-largest container port, Ningbo handles over 100,000 TEUs annually, making this incident potentially disruptive to global shipping.