The Office of the U.S. Trade Representative (USTR) said that effective September 27, tariff rates on Chinese-made electric vehicles will be increased to 100%, solar cells to 50%, electric vehicle batteries, key minerals, steel, aluminum, masks, and shore bridges to 25%, and tariff increases on other products, including semiconductor chips, will also take take effect….
According to foreign media reports, a “freight rate war” is currently taking place on the Asia-to-U.S. West Coast route. Emerging shipping companies, which have recently joined the trans-Pacific route, are offering lower prices to attract market share, forcing established shipping companies to reduce their rates to retain customers. According to this week’s report from Linerlytica,…
As the China National Day Golden Week approaches, weak demand has prompted shipping companies to fear another plunge in spot container freight rates. In response, they have canceled several export sailings from Asia to Europe and the U.S., adjusting their capacities. According to the latest assessment report from Drewry, between September 2 and October 6,…
Recently, UPS announced that starting from September 15, an “overweight fee” policy will be implemented for imported goods shipped from ten countries/regions, including China, to the United States, in response to the growing logistics costs and global supply chain challenges. Specifically, UPS will impose an additional charge of $0.25 per pound on all shipments from…
Freight rates on all four major Europe-America routes have declined. Specifically, the U.S. West Coast and East Coast routes have seen significant drops of 9.51% and 8.08%, respectively, while the Europe and Mediterranean routes have also decreased by 4.56% and 2.63%. Industry experts widely believe that the continued influx of new capacity, in the form…
This type of lift chair is not accepted in international air freight because it contains a compressed rod. Such products with lift functions, including dental chairs, medical beds, lift chairs, and forklifts, generally have compressed rods. These items are considered potentially hazardous in air freight due to the hidden dangers associated with the compressed rods….
Recent wildfires in North America have not only threatened ecosystems and public safety but also delivered an unprecedented shock to the global supply chain. According to the latest reports, the extreme wildfire event in Jasper, Alberta, has caused significant personal and property losses. This event has also directly led to the suspension of Canadian National…
Major route operators plan to adjust shipping rates from Asia to the US West Coast in mid-August to respond to recent market fluctuations and offset the impact of previous adjustments. According to overseas media reports, starting from August 15, several shipping companies have announced an increase of $1,000 per 40ft container to curb the downward…
Significantly impacted by the increase in shipping capacity, the latest Shanghai Containerized Freight Index (SCFI) released on the 19th dropped by 3.6%, falling to 3542.44 points. This marks the second consecutive week of decline, with the rate of decrease expanding. All four major long-haul routes to Europe and the United States experienced declines of over…
On the afternoon of the 21st Eastern Time, U.S. President Biden announced his withdrawal from the 2024 presidential race and expressed his support for nominating Vice President Harris as the Democratic presidential candidate. As Western leaders grapple with the wars in Ukraine and Gaza, a more assertive China in Asia, and the rise of the…
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