US importers are getting a reprieve from tariffs with major trade partners, but the looming threat of more tariffs has shippers biding time by continuing to frontload. A surge in imports is keeping trans-Pacific container rates high despite the usual seasonal slowdown. The increased demand for shipping capacity is impacting market rates and logistics planning. Carriers are benefiting from stronger than expected volumes, while shippers try to deal with cost fluctuations and disruptions. The general uncertainty around future tariffs has...

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By Erik Smithweiss and Sarah Raymond On February 14, 2025, the Trump administration released the list of “derivative” products that will be subject to the 25% steel and aluminum tariffs under Section 232. The notices are scheduled to be published in the Federal Register notice on Tuesday, February 18, 2025. The specific HTS subheadings are available here (steel) and here (aluminum). The steel and aluminum derivative tariffs will impact a broad range of downstream products, including the following: – Nearly all of...

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In this week’s Roar: Expediting imports, declining freight rates, the off-again on-again de minimis exemption, Mexico’s tariffs plans, and the costs of changing trade policies. Heightened concerns over increased US-China trade tensions (even compared to just a few weeks ago) are prompting shippers to further frontload their imports. They’re hoping to mitigate some of the impact of anticipated tariffs. This could mean that the usual seasonal lull in container volumes after the Lunar New Year are diminished and that Trans-Pacific...

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On February 1, President Trump announced new tariffs on imports from Canada, Mexico, and China, which sparked intense negotiations with the affected countries. On February 10, President Trump reportedly announced 25% tariffs on all steel and aluminum imports — and there is the possibility of further tariff announcements on the horizon. As we continue to monitor the situation, this comprehensive analysis delves into the potential far-reaching consequences of the first round of proposed tariffs and what they could mean...

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Authors: Erik Smithweiss and Sarah Raymond The Trump Administration issued Presidential Proclamations on February 10, 2025, under Section 232 of the Trade Expansion Act of 1962, making major changes to U.S. tariff policy on steel and aluminum imports. Effective March 12, 2025, all steel and aluminum imports covered by the prior Section 232 actions — regardless of origin — will be subject to an additional 25% tariff. Countries that once benefitted from alternative tariff agreements — Australia, Canada, Mexico, South Korea,...

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By Ian Hunter “Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.” - Donald Trump, The Art of the Deal President Trump has never seen trade policy as just economics – it’s a high-stakes game, and winning is everything. Throughout his career, he has framed trade deficits as evidence of American weakness, blaming past administrations for allowing U.S. manufacturing to decline while foreign goods flood the market.  With Washington...

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The Red Sea ceasefire may not be exactly what it appears. It seems the Houthis have turned to what feels like maritime extortion. They’re now offering a “safe passage fee” for ships using a negotiation system that includes a customer service email. And presumably, if the fee isn’t paid, further demands for payment are made. Even with the ceasefire in place, insurance premiums remain high, and carriers continue rerouting vessels to avoid the region as security concerns persist. The promise...

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EU to tighten controls on imports from sites such as Shein and Temu  The European Commission is taking a stand against low-value imports offered by non-EU online retailers and facilitated by marketplaces like Shein and Temu, which host non-EU traders. This is part of the Communication on E-Commerce, ‘A comprehensive EU Toolbox for Safe and Sustainable E-commerce’ proposed on Wednesday, 5 February. A total of around 4.6 billion low-value consignments (goods not exceeding the value of €150) entered the EU market last...

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Important Notice: There have been significant trade policy developments regarding tariffs on imports from Mexico, Canada, and China today. Mexico: The planned 25% tariff on imports has been delayed for a month after an agreement between President Trump and Mexican President Claudia Sheinbaum. As part of the deal, Mexico will deploy 10,000 members of its national guard to the border to combat drug trafficking. Canada: A similar agreement was reached with Prime Minister Justin Trudeau during an afternoon meeting, suspending new...

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Months of talk about tariffs are about to become reality. This weekend, President Trump made official his plan to implement new tariffs this Tuesday. Canada and Mexico face tariffs of up to 25%, with China facing levies of an additional 10%. All three countries have voiced their opposition and plans for retaliatory measures. The impact on trade among the three N. American countries is yet to be seen, with the US having had free-trade agreements in place for decades. Trump...

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