Overall This week, the Drewry composite index increased by 2%. Freight rates between various ports have shown diversity; rates from Rotterdam to New York decreased 2%. Rates from Shanghai to Los Angeles and Shanghai to New York declined by 1%. Drewry expects spot rates to decrease slightly in the coming week due to the increase…
On January 20th, President Donald Trump issued the America First Trade Policy, signaling a return to an aggressive stance on trade designed to prioritize American businesses, workers, and economic security. The policy builds on previous trade strategies from his first administration, with a renewed focus on reducing trade deficits, reshaping trade agreements, strengthening enforcement, and…
The Panama Canal has long been a vital artery for global trade, dramatically shortening maritime routes between the Atlantic and Pacific Oceans. Built by the United States and operated for much of its existence under American control, the canal was transferred to Panama in 1999. But recently, it has become the focus of fresh geopolitical…
The latest: RECIPROCAL TARIFFS, STEEL AND ALUMINUM DERIVATIVES LIST PUBLISHED February 14, 2025 U.S. Announces Plan for Reciprocal Tariffs The U.S. government has announced a plan to impose reciprocal tariffs on countries that maintain higher tariffs on American goods or enforce non-tariff trade barriers. These barriers include phytosanitary measures, technical restrictions, export subsidies, weak IP…