Not understanding how customs holds work can lead to detained shipments. A detained shipment can quickly derail your supply chain—leading to costly demurrage fees, delayed deliveries, and frustrated customers.
US Lowering Bangladesh Tariffs
Trade tensions may finally be easing 🇺🇸🇧🇩📦 The U.S. and Bangladesh have signed a new Agreement on Reciprocal Trade that will lower tariffs on Bangladeshi imports to 19%
US And India Reach A Trade Deal
Big moves in global trade 🇺🇸🇮🇳📦 The U.S. and India have reached a major trade deal after a call between President Trump and Prime Minister Narendra Modi, with tariffs on Indian imports set to drop to 18% from previous levels as high as 50%.
Canada Leading The BRICS Economy
As Canada continues to expand its trade, the concurrent growth of BRICS countries may significantly impact shipping.
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.
Importing Machinery Into The US
Machinery plays a critical role across countless industries—but importing it into the U.S. isn’t always straightforward 🚜⚙️. With so many products falling into (or outside of) this category, the import process can quickly become complex.
China Hit A $1 Trillion Trade Surplus
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.