USA-China trade deal-May 12th, 2025
U.S.-China Trade Deal: A Temporary Truce with Global Implications On May 12, 2025, the United States and China unveiled a significant trade agreement in Geneva, marking a critical pause in their escalating trade war. Described as a “better-than-expected” breakthrough, the deal temporarily reduces tariffs for 90 days, lowering U.S. duties on Chinese goods from 145% […]
Tariffs on Canada and Mexico begin March 4th
On March 4, 2025, the Trump administration imposed tariffs on imports from Canada and Mexico, significantly impacting the logistics industry. Effective as of 12:01 a.m. Eastern Standard Time, a 25% ad valorem duty now applies to nearly all goods from these key trading partners, with Canadian energy products—such as oil, natural gas, and electricity—facing a […]
Foreign Assets Control-Trade embargos
U.S. trade sanctions administered by the Office of Foreign Assets Control (OFAC) generally prohibit the importation into the United States (including U.S. territories), either directly or indirectly, of most goods, technology, or services (except information and informational materials) from, or which originated from Cuba, Iran, North Korea, or Sudan; from foreign persons designated by the […]