trade war

Canada, China praise court ruling striking down Trump’s tariffs

Global leaders and some trade stakeholders are reacting positively to a U.S. federal court ruling blocking many of the recent tariffs imposed by President Donald Trump.

The Court of International Trade (CIT) ruled on Wednesday that the Trump administration overstepped its authority by using a 1977 federal economic emergency law to justify the tariffs. 

According to the court, the law does not specify tariffs as a tool available to the president to protect the U.S. from economic threats.

The ruling...

https://www.freightwaves.com/news/canada-china-praise-court-ruling-striking-down-trumps-tariffs

The courts are unlikely to end the trade war

 Legal powerhouses section 122 and 338 offer upside

Yesterday,  a U.S. court struck down President Trump’s “Liberation Day” tariffs under the International Emergency Economic Powers Act (IEEPA), calling them unconstitutional and stopping 10% global tariffs and higher levies on China, Canada, and Mexico. The ruling, citing IEEPA’s misuse for trade imbalances, cut the U.S. tariff rate from 27% to 17.8%. 

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https://www.freightwaves.com/news/the-courts-are-unlikely-to-end-the-trade-war

SONAR unveils Trade War Command Center amid supply chain volatility

In response to the escalating complexity of global trade disruptions, SONAR has launched its Trade War Command Center, a comprehensive solution designed to help logistics professionals navigate the unpredictable landscape shaped by recent trade policies. The platform comes at a critical time as supply chains continue to face pressures from shifting trade agreements, tariffs and geopolitical tensions that have characterized international commerce in recent years.

The Trump administration’s...

https://www.freightwaves.com/news/sonar-unveils-trade-war-command-center-amid-supply-chain-volatility

Pause in China-US trade war complicates shipper options

An agreement between Chinese and US negotiators to reduce tariffs by 115% and hold fire in their trade dispute for 90 days has further complicated shippers’ logistical choices, as carriers also consider the outcome of the weekend’s discussions in Switzerland.

US Trade Secretary Scott Bessent and China’s Vice Premier He Lifeng were locked in negotiations over the weekend following the ramping up of rhetoric over trade and tariffs in the last few weeks that saw import duties of 145% imposed on...

https://container-news.com/pause-in-china-us-trade-war-complicates-shipper-options/

Container shipping holds its breath amid US-China tariff ceasefire

The United States and China entered a 90-day ceasefire, suspending key tariff measures and laying the groundwork for renewed economic dialogue.

Since the inception of the US-China trade war, the container shipping industry has borne the brunt of uncertainty.

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https://container-news.com/container-shipping-holds-its-breath-amid-us-china-tariff-ceasefire/

U.S. and China reach comprehensive economic and trade agreement lowering tariffs

After weeks of uncertainty, the United States and China have formalized a new Economic and Trade Agreement aimed at addressing longstanding concerns and establishing clearer guidelines for commerce.

Strengthening Bilateral Economic Ties

The agreement underscores the critical importance of the economic relationship between the world’s two largest economies. Both nations have explicitly acknowledged that expanded trade, sticking to international market norms, and market-based outcomes serve their...

https://www.freightwaves.com/news/u-s-and-china-reach-comprehensive-economic-and-trade-agreement-lowering-tariffs

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