Overall This week, the Drewry composite index increased by 3%. Freight rates between various ports have shown diversity; rates from Rotterdam to New York remained stable. Rates from Shanghai to Los Angeles increased by 7% and Shanghai to New York rose by 6%. Drewry expects rates on the Transpacific trade to rise in the coming…
As the world prepares for the Trump Administration, global trade finds itself navigating a storm of uncertainty. President-elect Donald Trump’s looming inauguration has reignited fears of a renewed trade war, leaving businesses and governments scrambling to assess the potential fallout from tariffs, port disruptions, and geopolitical instability. Trade Headwinds Loom Large The promise of widespread…
U.S. Customs and Border Protection (CBP) and the Animal and Plant Health Inspection Service (APHIS) have issued guidance on ensuring compliance with Wood Packaging Material (WPM) standards. This guidance includes a comprehensive checklist designed to help exporters and shippers verify that WPM meets U.S. import requirements, reducing the risk of costly delays, inspections, or penalties.…
The Biden administration has initiated a trade investigation under Section 301 of the Trade Act of 1974, targeting Chinese-made “legacy” semiconductors. These older chips power everyday products like automobiles, washing machines, and telecom equipment. The probe, announced just four weeks before President-elect Donald Trump’s inauguration, aims to protect U.S. and allied semiconductor manufacturers from China’s…