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Trade News
Trade News
20
Jul
In this week’s Roar: Jumping diesel prices, fragmentation of U.S. tariffs, East Asia’s ongoing dominance, a surge in global air cargo demand, and the impact of constantly reevaluating supply chains.
After falling for nine weeks in a row, the U.S. national average for diesel jumped to $4.796 per gallon, up $1.058 in its first increase since May. We can thank the latest flare-up in the ongoing Middle East tensions, which have again pushed oil prices higher. The recent bombings and strong rhetoric...
20
Jul
Enforcement Milestone Marks Strategic Pivot from Administrative Fines to Criminal and Civil Accountability Across the Global Supply Chain
The Department of Justice announced today that the Trade Fraud Task Force (TFTF), launched in August 2025, with the Department of Homeland Security (DHS) has surpassed $1 billion in civil and criminal recoveries, penalties, forfeitures, and publicly charged losses in less than one year This milestone reflects a fundamental shift in the federal government’s approach to customs and trade enforcement, emphasizing rigorous...
13
Jul
Retail, manufacturing, and apparel trade groups are pushing for the preservation of the USMCA trade agreement. They’re highlighting the huge role it plays in North American supply chains, job creation, and economic stability. They’re clear that they still back the annual review process, but they’re also warning that maintaining duty-free trade and the framework of the pact is essential if the three countries want to prevent disruptions, protect investment, and ensure long-term growth for regional industries.
The Logistics Managers Index...
09
Jul
WASHINGTON – The Office of the United States Trade Representative (USTR) will hold public hearings starting on Tuesday, July 7 and continuing through Thursday, July 9, regarding proposed responsive action in the Section 301 investigations of the acts, policies, and practices, of 60 economies related to the failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labor.
The hearings will be held at the U.S. International Trade Commission (500 E Street SW, Washington, DC)...
06
Jul
Long list of downstream products added to carbon border adjustment mechanism (CBAM)
Tougher anti-circumvention rules to prevent abuse
A temporary decarbonisation fund to protect EU firms in export markets
Environment Committee MEPs have backed extending the EU's carbon border adjustment mechanism to downstream goods and setting up a fund to support industry's low-carbon transition.
The Committee on the Environment, Climate and Food Safety adopted its position on proposed changes to the CBAM by 56 to 11, with 12 abstentions.
The MEPs...
06
Jul
Key Points
Plaintiffs in V.O.S. Selections, Inc. v. Trump moved to certify a mandatory class under Rule 23(b)(2) covering all importers whose IEEPA tariff refund claims remain ineligible for processing through the government’s CAPE program.
The U.S. Supreme Court held in Learning Resources, Inc. v. Trump that IEEPA does not authorize the president to impose tariffs, requiring the government to process and pay refunds with interest on all affected entries.
The government has limited CAPE to entries liquidated within the preceding 90 days,...
06
Jul
In this week’s Roar: The end of the USMCA, ocean carriers are increasing capacity, updates to the tariff refund portal, top supply chain technology trends, and amending the Direct Air Waybill Framework.
The U.S. has declared that it won’t extend the USMCA, which will trigger a 10-year countdown for the North American Trade Pact to expire in 2036. The move launches a six-year review at a time when U.S. officials are pushing for tougher regional content rules and new trade protections....
01
Jul
Global Ports
The Headlines: Even with the shaky MOU agreement in place, the impacts of the Strait of Hormuz closure are likely to take months to work through global ocean networks. But that is not the only ‘hotspot’ impacting ports. The Panama Canal terminal dispute remains an active geopolitical issue, with Panama’s takeover of the Balboa and Cristóbal ports contributing to regional tensions and the broader U.S.-China trade disagreements that have affected shipping operations around the world.
What’s Important: Two of the world’s...