The trucking and logistics sectors are responding swiftly to a sweeping set of tariff increases announced just days before a major trade deadline. While many of the newly imposed rates won’t take effect until August 7, the announcement triggered immediate reaction across the supply chain as importers, shippers, and carriers work to assess risk and […]
Recognizing the rapid and unexpected increase in duties, customs brokers and warehouse proprietors increasingly are encountering situations of unclaimed, rejected, and abandoned cargo. In response, the NCBFAA Customs Committee, Transportation Committee, Committee Counsel, and Leadership have collaboratively developed a guidance document to assist NCBFAA Regular Members to address the recurring questions regarding this cargo and […]
As new rounds of tariffs take effect across hundreds of goods, small business owners, importers, and logistics professionals are voicing growing concern over the ripple effects on prices, production, and supply chain operations. Recent policies have imposed tariffs on products from over 90 countries, as well as on critical inputs like steel, aluminum, copper, and […]
White House Plans 25% Tariff for India Product Imports Aug. 1 President Trump in a social media post today said his administration plans to impose a 25% tariff on products imported into the U.S. from India, starting Aug. 1. “Remember, while India is our friend, we have, over the years, done relatively little business with […]
The European Commission on July 29 released a document, “EU-US trade deal explained,” which NCBFAA believes would be of valuable to our members. Some of the key highlights from this document include the following commitments from both the EU and U.S.: · Establishing a single, all-inclusive U.S. tariff ceiling of 15% for EU goods. As […]
President Trump signed an Executive Order this afternoon that effectively ends the de minimis exemption for commercial shipments, effective Aug. 29. Thus, “imported goods sent through means other than the international postal network that are valued at or under $800 and that would otherwise qualify for the de minimis exemption will be subject to all […]
President Trump signed an Executive Order today, July 30, implementing an additional 40% tariff on Brazilian products, bringing the total tariff amount to 50%. The Trump Administration said its reason for the tariff increase is due to “recent policies, practices, and actions by the Government of Brazil that constitute an unusual and extraordinary threat to […]
Container throughput rose globally in May, powered by resilient trade flows in Asia and Europe, while U.S. ports faced a pronounced decline tied to shifting tariff policies and weakening import demand. According to Drewry’s latest Global Container Port Throughput Index, port activity increased 1.4% from April and 5.4% year-over-year, signaling robust momentum across most global […]
After weeks of sharp rate declines, the trans-Pacific shipping market has found a momentary floor in mid-July, signaling a pause in the container price plunge just as the peak shipping season begins. According to a market update from analyst firm Xeneta, spot rates for Far East to U.S. West Coast shipping held at $2,313 per […]
In a wave of last-minute negotiations ahead of the looming August 1 tariff deadline, the U.S. has reached new bilateral trade agreements with Japan, Indonesia, and the Philippines — a significant step in recalibrating global trade partnerships. The agreement with Japan marks a major shift. A newly agreed 15% tariff on Japanese imports replaces a […]
