Mexico Launches $22B Port Modernization ProgramMexico has announced a sweeping $22 billion investment plan to expand and modernize its seaport infrastructure over the next six years, positioning ports as the backbone of the nation’s nearshoring strategy. The program combines public and private capital and spans major Pacific and Gulf hubs, including Manzanillo, Lázaro Cárdenas, Veracruz, […]
Customs and Border Protection (CBP) has released updated guidance on products exempted from reciprocal tariffs, following a Sept. 5 executive order modifying the scope of earlier trade measures. The update affects merchandise covered under Executive Order 14257, originally issued in April to impose reciprocal tariffs on a wide range of imports. The Sept. 5 order […]
Profits for major ocean carriers fell sharply in the second quarter as renewed tariff frictions between the United States and China drove down trans-Pacific container volumes and freight rates. Industry data shows net income across leading operators plummeted compared with the same period last year, with earnings per share sliding in tandem. Revenue was off […]
A newly announced EU–U.S. trade framework has provided a measure of stability for trans-Atlantic commerce, easing concerns of further escalation in tariff disputes. The agreement pauses additional duties and is expected to support steadier container flows across core trade lanes. The framework keeps in place the 15% tariff on most European exports and the 27.5% […]
A U.S. federal appeals court has ruled that tariffs imposed earlier this year under the International Emergency Economic Powers Act (IEEPA) were unlawful, dealing a major setback to the administration’s trade policy. In a decision issued August 29, the Court of Appeals for the Federal Circuit found that IEEPA does not grant the president authority […]
Canada has announced it will drop most of its retaliatory tariffs on U.S. goods, with exceptions for steel, aluminum, and automotive products. The move aligns tariff treatment more closely with the trade rules under the United States–Mexico–Canada Agreement (USMCA), leaving the majority of bilateral trade tariff-free. Officials said the decision reflects a strategy shift, aiming […]
The U.S. administration is weighing whether to impose new punitive measures against Russia, with a decision expected in the coming weeks. Options under consideration include sweeping tariffs, major sanctions, or taking no additional action if peace negotiations fail to advance. Officials signaled that the administration is approaching a critical point in determining whether to escalate […]
Two Republican lawmakers are urging the U.S. Commerce Department to take stronger action against seafood imports from China and other countries they accuse of relying on forced labor and unregulated fishing practices. In a letter made public this week, the senators argued that nearly 11% of all U.S. seafood imports—valued at an estimated $2.4 billion […]
U.S. Customs and Border Protection has clarified that vessels recovering space-flight hardware on the high seas are subject to standard entry and arrival rules when returning to U.S. ports. The agency’s decision, published Aug. 21, stems from a ruling originally issued in May. The case involved ships retrieving rocket components—such as fairings and boosters—that detach […]
Several European carriers have suspended parcel deliveries to the United States as new trade regulations come into effect later this month. The suspension follows the U.S. government’s decision to eliminate the de minimis exemption for all countries, effective August 29. The exemption, which previously allowed low-value goods under $800 to enter duty-free, will no longer […]
