China just made global trade history — hitting a $1 trillion trade surplus for the first time ever. 🚢📈 Over the last 11 months, China surged to $1.08 trillion, fueled by rising exports and slowing imports.
US Reducing South Korea’s Tariffs
The latest US–South Korea trade deal is shaking up international shipping, with tariffs on Korean imports now dropping to 15%—retroactive to November 1.
Trump Is Raising Canada Tariffs
Tariff Tensions Rise Again! President Trump announced a 10% tariff hike on Canadian imports—pushing total duties on some goods up to 45%. The move, sparked by a recent TV ad, adds to the 35% tariffs already in place since August.
US-China Trade War Continues
Tensions are rising again in the U.S.-China trade war. 🇺🇸🇨🇳 On October 14, China began charging port fees on U.S.-owned ships—a direct response after months of back-and-forth tariffs between the two nations.
US-Japan Trade Deal Starting
Big shifts are coming to international shipping! Starting August 16, the new U.S.–Japan trade deal kicks in, setting a 15% baseline tariff on most Japanese imports—including automobiles and auto parts.
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.
US And EU Reached A Trade Deal
On July 27, the US and EU reached a breakthrough trade agreement that may have dodged a full-blown transatlantic tariff war. Instead of the steep 30% tariffs previously threatened, most EU imports will now face a reduced 15% rate.
US Imports Could Soon Surge
🚢📦 Is a wave of imports about to hit U.S. ports? Importers and retailers say yes! With a 90-day break in the U.S.–China tariff war, businesses are racing to frontload shipments before the pause ends.
Iran May Close The Strait of Hormuz
🌍⛽ The tension is rising in the Israel-Iran conflict, and all eyes are on the Strait of Hormuz. With Iran’s Parliament voting to close the strait, the stakes have never been higher.
Trump Is Delaying EU Tariffs
President Trump has pushed back the start of steep EU tariffs—again. Originally set for early June, a last-minute phone call with European Commission President Ursula von der Leyen bought the EU until July 9.