President Donald Trump has signed an executive order to enforce new import tariffs on top U.S. trading partners. While Mexico and Canada’s tariffs have been postponed, China’s tariffs took effect.
25% Tariffs on February 1st
President Trump has plans on setting a 25% tariff on imports from Canada and Mexico on February 1st. With these nations bringing in hundreds of billions in trade annually, the move may significantly impact trade.
U.S. Retail Imports Surging
U.S. Retail Imports Are Soaring! Shippers are rushing to avoid freight tariffs and potential port protests, driving this surge.
ILA Strike Happening in January
🚢⚠️ With the January 15, 2025, ILA contract extension deadline approaching, U.S. seaports face uncertainty. Past strikes over wages and port automation brought temporary agreements, but what’s next for domestic and international shipping?