Global Supply Chain Slowly Grinding to a Halt

We’ve posted warnings the past half year about the global supply chain steadily becoming more congested and the cost of shipping rising accordingly. In the past few months, more articles have published about shortages in everything from boba balls to garden gnomes. We highly recommend everyone to watch the video that the Wall Street Journal published a few…

Trump Authorizes Reciprocal Tariffs on Products From All Countries

Trump finally announced today his plans for Reciprocal Tariffs. You can read the Executive Order as well as the Fact Sheet for details. The information below is based on our initial interpretation of the Executive Order. There may be corrections/additional clarification in the coming days. What is the Reciprocal Tariff Rate? 50 countries were given individually designated reciprocal tariff rate.…

White House releases details on Reciprocal Tariffs

The White House published additional details about the Reciprocal Tariffs. Annex I – Country Specific Reciprocal Tariff Rates During Trump’s White House conference introducing the Reciprocal Tariffs, his chart showed only 50 or so countries with specific Reciprocal Tariff rates. Annex I is a longer and more comprehensive list. Please review this list closely. Annex II – Products Exempted from the…

Section 232 Steel & Aluminum Tariff: Start Date for Derivative Items Classified Outside of Chapter 73 and 76

Importers have been anxiously waiting for the Secretary of Commerce to officially announce in the Federal Register a date that the section 232 tariff will be assessed for non-chapter 73/76 derivative articles. Tonight, CBP published two CSMS messages that indicated that the steel and aluminum tariffs would be assessed on the non-chapter 73/76 derivative articles starting on Wednesday,…

Drayage

East Coast and Gulf Coast Port Strike Suspended. Ports to Reopen!

The International Longshoremen’s Association (ILA) and the United States Maritime Alliance have reached a tentative agreement. The key point is that both sides have a tentative agreement on a wage increase. The port strike is suspended. The longshoremen will be returning back to work. Note that the agreement extends the current contract until January 15, 2025, giving the two…