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Trade News
Trade News
26
May
In this week’s Roar: Trans-Pacific rates hold steady, Europe’s negotiation with Iran, truckload rates jump, US indicts four Chinese container makers, and building an ethical beauty supply chain.
Data shows Trans-Pacific ocean freight rates have remained mostly flat lately, even as the industry moves into the traditional peak shipping season. While rates on major Asia–U.S. lanes are still up significantly since late February, much of the increase has been driven by capacity being limited by carriers and geopolitics as opposed to market demand....
22
May
Blog | Data show that countries are increasingly applying different import tariffs to different trading partners for the same product.
Click here to access the interactive chart
Since the WTO was established in 1995, no new multilateral trade agreement has been reached on import tariffs. Instead, we see a rise in trade policy fragmentation. This is reflected in the chart, where the downward-sloping lines show that non-discriminatory, or Most Favored Nation, tariffs explain a declining share of tariff variation. In other words, countries...
22
May
The Council decided today to suspend for one year customs tariffs on key nitrogen-based fertilisers used in agricultural production in the EU, including fertiliser inputs such as urea and ammonia.
The measure aims to lower costs for EU farmers and fertiliser industry – saving them an estimated €60 million in import duties, according to the European Commission. It will also reduce the EU's dependency on Russia and Belarus for fertiliser products and help build a more diversified trading network in this area.
"Today’s...
19
May
Highlights
The $549.5 million Perfectus Aluminum settlement is more than ten times larger than the previous record for a customs-related False Claims Act (FCA) resolution and the latest in a string of major cases involving Chinese imports.
The U.S. Department of Justice (DOJ)'s new Corporate Enforcement Policy creates a 120-day clock. Once a whistleblower reports internally, the company has 120 days to self-disclose or lose eligibility for a presumptive declination of prosecution.
A single customs fraud scheme can simultaneously...
19
May
Ambassador Jamieson Greer will host the G20 Trade Ministerial in Milwaukee, Wisconsin from Wednesday, September 30 to Thursday, October 1.
“President Trump’s tariff program is actively rebalancing global trade, reversing decades of non-market policies and practices to protect American workers and businesses,” said Ambassador Greer. “At the G20 Trade Ministerial this fall, USTR will lead discussions with the G20 Trade Ministers on a wide array of issues, including ending forced labor, updating the Most-Favored Nation (MFN) Principle, denouncing weaponization of trade...
18
May
This blog post is part of a special series based on the April 2026 Commodity Markets Outlook, a flagship report published by the World Bank Group. This series features concise summaries of commodity-specific sections extracted from the report.
The World Bank Group’s fertilizer price index rose more than 12 percent in 2026Q1 (q/q), marking its sixth increase in seven quarters. By April 2026, the index had reached its highest level since October 2022, driven mainly by export disruptions related to the closure...
12
May
Following the U.S. Supreme Court’s invalidation of the Trump administration’s tariff program under the International Emergency Economic Powers Act (IEEPA), U.S. Customs and Border Protection (CBP) has moved quickly to operationalize what may become one of the largest tariff refund processes in recent history.
On April 20, 2026, CBP launched new functionality in the Automated Commercial Environment (ACE) Portal, through the Consolidated Administration and Processing of Entries (CAPE) framework, to support the submission and administration of valid IEEPA tariff refund claims. In CSMS #68536553, CBP also...
11
May
In this week’s Roar: Tariffs back in the news, the April Logistics Manager’s Index, China’s declining air export volumes, tariff refunds on the way, and the cost of AI.
A federal trade court (CIT) has ruled that President Trump’s 10% global tariffs were unlawful because they exceeded the authority granted under Section 122 of the Trade Act of 1974. This follows the earlier decision against Trump’s tariffs imposed under emergency powers laws. While the administration is expected to appeal, the ruling currently blocks...
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