News
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Supply Chain Crisis: Massive Backlogs in the U.S. and Soaring Shipping Rates
In response to the tariff impacts, the US shipping industry is navigating through congested routes as the early peak season approaches. While shipping demand had previously dwindled, the joint statement from the China-US Geneva Trade Talks reinvigorated orders for numerous foreign trade companie...Read more -
The U.S. tariff threats are putting significant pressure on Canada’s beekeeping industry, which is actively seeking other buyers.
The U.S. is one of Canada’s largest export markets for honey, and the U.S. tariff policies have increased costs for Canadian beekeepers, who are now actively seeking buyers in other regions. In British Columbia, a family-run beekeeping business that has operated for nearly 30 years and has hundr...Read more -
In January, the cargo volume at the Port of Auckland performed strongly
The Port of Oakland reported that the number of loaded containers reached 146,187 TEUs in January, an increase of 8.5% compared to the first month of 2024. “Strong import growth reflects the resilience of Northern California’s economy and the confidence shippers have in our ga...Read more -
Shipping Industry Outlook: Risks and Opportunities Coexist
The shipping industry is no stranger to fluctuations and uncertainty. However, it is currently undergoing a prolonged period of turmoil due to numerous geopolitical challenges significantly impacting the maritime market. Ongoing conflicts in Ukraine and Gaza continue to disrupt the industry from...Read more -
Price increase across the board! The additional tariff burden will be borne by American consumers!
Recently, several multinational companies have issued warnings about the potential impact of the U.S. government’s tariff policies on their performance. French luxury brand Hermès announced on the 17th that it would pass the additional tariff burden onto American consumers. Starting from ...Read more -
Export Notice: All ports in Japan are on strike. Please be cautious of potential delays in shipments.
According to reports, the Japan National Harbor Workers Union Federation and the All Japan Dockworkers and Transport Workers Union recently organized a strike. The strike is primarily due to employers refusing the union’s demand for a wage increase of 30,000 yen (approximately $210) or a 1...Read more -
Due to concerns about tariffs, the supply of American cars is decreasing
Detroit — Inventory of new and used cars in the United States is falling quickly as consumers race to vehicles ahead of price increases that could come with tariffs, according to car dealers and industry analysts. The number of days’ supply of new vehicles, calculated on an estimated daily...Read more -
Hong Kong Post suspends the delivery of postal items containing goods to the United States
The US administration’s earlier announcement to cancel the small-sum duty-free arrangement for goods from Hong Kong to the from May 2 and to increase the tariffs payable for mail items to the US carrying goods will not be collected by Hongkong Post, which will suspend the acceptance of mai...Read more -
The United States has announced a partial tariff exemption on certain products from China, and the Ministry of Commerce has responded.
On the evening of April 11, the U.S. Customs announced that, according to a memorandum signed by President Trump on the same day, products under the following tariff codes will not be subject to the “reciprocal tariffs” outlined in Executive Order 14257 (issued on April 2 and later a...Read more -
The tariffs of the United States on China have increased to 145%! Experts say that once tariffs exceed 60%, any further increases make no difference.
According to reports, on Thursday (April 10) local time, White House officials clarified to the media that the actual total tariff rate imposed by the United States on imports from China is 145%. On April 9, Trump stated that in response to Chi...Read more -
Impact of Trump Tariffs: Decrease in Air Freight Demand, Update on “Small Tax Exemption” Policy!
Last night, U.S. President Donald Trump announced a series of new tariffs and confirmed the date when Chinese goods will no longer enjoy minimum exemptions. On what Trump referred to as “Liberation Day,” he announced a 10% tariff on imports to the country, with higher tariffs for cer...Read more -
The U.S. plans to impose a 25% tariff again? China’s response!
On April 24, U.S. President Trump announced that starting from April 2, the U.S. may impose a 25% tariff on all goods imported from any country that directly or indirectly imports Venezuelan oil, claiming that this Latin American country is ful...Read more
