U.S. Tariff and Trade Negotiations Update June 19, 2025
U.S. Tariff and Trade Negotiations Update June 19, 2025 The past week has seen significant activity in U.S. tariff and trade negotiations, with developments centered on agreements, ongoing talks, and looming deadlines. Here’s a concise overview of the key events: Economic Context and Outlook: Federal Reserve Chair Jerome Powell noted that tariffs are complicating inflation […]
President Trump Announces New U.S.-China Trade Agreement
President Trump Announces New U.S.-China Trade Agreement On June 11, 2025, President Donald J. Trump announced a new trade agreement with China, marking a significant step in addressing trade tensions between the world’s two largest economies. The deal, pending final approval from Trump and Chinese President Xi Jinping, aims to ease tariffs and secure critical […]
Understanding the New 50% Steel and Aluminum Tariffs: What Importers Need to Know
Understanding the New 50% Steel and Aluminum Tariffs: What Importers Need to Know On May 30, 2025, President Donald Trump announced that tariffs on steel and aluminum imports to the United States will double from 25% to 50%, effective June 4, 2025. This change, enacted under Section 232 of the Trade Expansion Act of 1962, […]
U.S. Court of International Trade Strikes Down IEEPA Tariffs: What Importers Need to Know
*Update: The US Court of Appeals for the Federal Circuit ruled on 5/29 to reinstate President Trump’s IEEPA tariffs during the appeal process U.S. Court of International Trade Strikes Down IEEPA Tariffs: What Importers Need to Know On May 28, 2025, the U.S. Court of International Trade (CIT) unanimously struck down tariffs imposed under the […]
Trump’s Tariff Threat Looms Over EU Trade Talks
Trump’s Tariff Threat Looms Over EU Trade Talks President Donald Trump’s bold trade strategy has once again shaken global markets, with the European Union at the center of his latest tariff saga. On May 23, 2025, Trump sent shockwaves through the financial world, announcing a potential 50% tariff on all EU imports to the U.S., […]
The First Memorial Day: A Tribute in Charleston, 1865
The First Memorial Day: A Tribute in Charleston, 1865 On May 1, 1865, just weeks after the Civil War ended, a remarkable event unfolded in Charleston, South Carolina, often cited as the first Memorial Day commemoration. Hundreds of Black Charlestonians, many recently freed from slavery, gathered at a former Confederate racecourse-turned-prison where 257 Union soldiers […]
After China Tariff Pause, How High Will Rates Go
On 11 May, businesses were caught in a tariff limbo amid dramatic decreases in container shipping demand on the major trade from China to the US. The fact there is now talk of a spike in freight rates following the announcement of a temporary lowering of tariffs between the US and China demonstrates how quickly […]
NCBFAA Highlights Potential Harm of Proposed Tariffs on Cargo-Handling Equipment from China
NCBFAA in comments submitted today, May 19, to the Office of the U.S. Trade Representative (USTR) expressed serious concerns that imposing 20 percent to 100 percent additional duties on certain cargo-handling equipment from China will “result in far-reaching and unintended consequences for U.S. industry stakeholders.” The association said, “the proposed tariffs on certain cargo handling […]
U.S.-UK Trade Deal: What Importers Need to Know
On May 8, 2025, the United States and the United Kingdom signed a new trade deal that makes importing and exporting goods easier for businesses like yours. This agreement, announced by President Donald Trump and UK Prime Minister Keir Starmer, aims to boost trade while keeping things fair. Here’s a simple breakdown of what’s in […]
U.S. and China Agree to Temporary Tariff Reduction, Easing Trade Tensions
U.S. and China Agree to Temporary Tariff Reduction, Easing Trade Tensions On May 11, 2025, the United States and China announced a significant but temporary trade agreement aimed at de-escalating the ongoing trade war between the world’s two largest economies. The deal, finalized during weekend talks in Geneva, Switzerland, reduces reciprocal tariffs on each other’s […]