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Trade News
Trade News
01
Oct
Higher Rates and Fuel Costs, while Congestion remains Elevated. And So Do the Geopolitical Tensions.
Global Ports
The Headlines: Global port congestion has reached a new record, surpassing even the worst levels of the pandemic era. In September, nearly 4 million TEU of container capacity sat idle outside ports for a variety of reasons. Ship waiting times this year have nearly doubled compared to the same period in 2019, and schedule reliability has plateaued in the 50 to 65 percent...
22
Sep
Production returning to China, an all time high for US diesel, a strong peak shipping season, strained US inland networks, and improving safety on inbound cargo shipments.
The impacts of the trade war continue to evolve. Some companies who moved their production out of China to avoid US tariffs are returning because they’ve been struggling to replicate China’s manufacturing strengths elsewhere. Several are citing China’s skilled labor, broad supplier networks, reliable power, and cost advantages as their reason for switching...
16
Sep
The State of the Union (SOTEU) address is an annual speech by the President of the European Commission to the European Parliament, setting the priorities for the Union for the year ahead.
President Metsola, Prime Minister Carney, Honourable Members,
‘It was the best of times, it was the worst of times.' This is how Charles Dickens describes Europe in the days of the French Revolution. And it is also a fair description of the world we live in. The speed of change is incredible....
14
Sep
Highlights
IEEPA refunds are being processed under CAPE Phases I and II, but CAPE Phase III is temporarily delayed. CBP announced that it will begin to issue refunds for finally liquidated entries under CAPE Phase III, but only for importers that have filed a lawsuit at the Court of International Trade (CIT).
Non-litigating importers with finally liquidated entries may face the greatest exposure. If the Federal Circuit sides with the Department of Justice on the universal refund order appeal,...
11
Sep
Key Points
President Trump signed five proclamations on September 8, 2026, under Section 338 of the Tariff Act of 1930, imposing outright import bans on specified Canadian alcoholic beverages, dairy products, and motorcycles effective September 29, 2026.
Section 338(b) authorizes the president to exclude articles from importation when a foreign country has “maintained or increased” discrimination against U.S. commerce following an initial Section 338(a) proclamation.
The Canadian Tariff Modification Proclamations, effective September 15, 2026, reverse the original non-stacking policy,...
11
Sep
IMPORTANT NOTICE: Beginning September 18, 2026, U.S. Customs and Border Protection will start voiding importer of record numbers when the data on file in CBP Form 5106 is inaccurate or incomplete. You cannot use a voided number on any entry, and CBP can stop merchandise at the port with no advance notice.
This follows Executive Order 14411, signed in June 2026 to strengthen customs enforcement. Earlier this year, CBP deactivated roughly 4.8 million inactive importer accounts. The Form 5106 review...
03
Sep
Despite lower gas storage levels compared to previous years, the Member States and the Commission consider there is no immediate risk for security of gas supply in the EU. In a meeting of the Gas Coordination Group (GCG) this afternoon, experts from the Commission and Member States confirmed that while the situation on global energy markets remains exceptional and requires close monitoring, it also differs significantly from that of 2021/2022. Today, the EU is better prepared, thanks to increased...
03
Sep
The Council today gave its final approval for an ambitious overhaul of the EU customs framework – the most comprehensive reform of its kind in decades.
The updated legislation gives the Union a more modern toolbox and innovative new instruments to better facilitate global trade, especially in e-commerce, collect customs duties more efficiently and tighten controls on non-compliant, dangerous or unsafe goods.
Managing the rise of e-commerce
The updated union customs code clarifies that non-EU e-commerce platforms will be considered the goods’ importer when selling into the EU and are therefore responsible for ensuring...