TARIFFS

Transportation rates likely to surge during tariff pause

U.S. and Chinese officials have reached an agreement to roll back most recent tariffs and implement a 90-day truce in their trade war to facilitate further negotiations. Announced in Geneva, this deal marks a significant step back from a conflict that has disrupted the global economy. The temporary suspension of hostilities is expected to have immediate effects on global shipping and transportation markets.

Current Freight Rate Forecast

Freight rates are projected to rise sharply in the coming...

https://www.freightwaves.com/news/transportation-rates-likely-to-surge-during-tariff-pause

Less China means more business for Port of Virginia

VIRGINIA BEACH, Va. — “China” is now a dirty word among fiercely competitive U.S. ports looking to woo global container shippers.

The Port of Virginia offered a carefully crafted message that it’s an ascending powerhouse for container trade without being nearly as reliant on China and that country’s newly deleterious effects as its West Coast maritime brethren.

East Coast ports generally handle a smaller share of China trade than West Coast ports; imports and exports from China and Hong Kong...

https://www.freightwaves.com/news/less-china-means-more-business-for-port-of-virginia

U.S. and China slash tariffs in major trade breakthrough

The United States and China have agreed to suspend the majority of tariffs on each other’s goods, signaling a significant easing of trade tensions between the two largest economies in the world.

As part of the new trade deal, “reciprocal” tariffs will be reduced from 125% to 10%. However, the U.S. will maintain its 20% tariffs on Chinese imports related to fentanyl, keeping the overall tariff level on Chinese goods at 30%.

This agreement follows a series of high-level trade negotiations held over...

https://container-news.com/u-s-and-china-slash-tariffs-in-major-trade-breakthrough/

White House says China trade deal reached after ‘productive’ talks

The Trump administration said on Sunday it has struck a trade deal with China after two days of negotiations in Geneva.

The announcement comes after U.S. and Chinese officials met in Switzerland to discuss the ongoing trade war.

“I’m happy to report that we made substantial progress between the United States and China in the very important trade talks,” Treasury Secretary Scott Bessent said in a statement from the White House. “We will be giving details tomorrow, but I can tell you that the talks...

https://www.freightwaves.com/news/white-house-says-china-trade-deal-reached-after-productive-talks

Borderlands Mexico: Businesses face supply chain hurdles amid Trump’s tariffs

Borderlands Mexico is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Businesses face supply chain hurdles amid Trump’s tariffs; Japanese auto parts maker announces $19M expansion in Mexico; Aerospace manufacturer opens $7M plant in Chihuahua City; and Radiant Logistics acquires Texas freight forwarder.

Businesses face supply chain hurdles amid Trump’s tariffs

Shippers trying to get goods into the U.S. are grappling with their...

https://www.freightwaves.com/news/borderlands-mexico-businesses-face-supply-chain-hurdles-amid-trumps-tariffs

Meet the fleets shaping the future generation; driver on visa charged; SHIPS Act | WHAT THE TRUCK?!?

On Episode 836 of WHAT THE TRUCK?!?, Dooner is talking to Next Generation in Trucking’s Lindsey Trent about the company’s Career Catalyst award, which honors the fleets shaping our nation’s future drivers. This recognition highlights fleets — both for-hire and private — that are creating meaningful career paths for young truck drivers, diesel technicians, warehouse associates and more.

Can we bring big ship building back to the USA? With all this trade war talk, Dredging Contractors of America’s...

https://www.freightwaves.com/news/meet-the-fleets-shaping-the-future-generation-driver-on-visa-charged-ships-act-what-the-truck

Maersk: US-China trade war will swing world container demand

A.P. Moller-Maersk, the world’s second-largest ocean carrier, said global container demand this year hinges on the outcome of U.S.-China trade negotiations.

The parent of Maersk (MAERSK-B.CO) on Thursday revised its full-year volume outlook from a decline of 1% to a gain of as much as 4%. It previously had forecast an increase of 4%.

“Three months ago when we gave our guidance, the 145% tariffs on China was not what we thought was going to happen,” Maersk Chief Executive Vincent Clerc said in an...

https://www.freightwaves.com/news/maersk-us-china-trade-war-will-swing-world-container-demand

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