Schumer introduced a bill to repeal Section 338 and 122 tariffs, House odds improve on Russia sanctions, and Panama Canal cuts squeeze TPEB capacity.
Schumer introduced a bill to repeal Section 338 and 122 tariffs, House odds improve on Russia sanctions, and Panama Canal cuts squeeze TPEB capacity.
Canada retaliates against Section 338 with tariffs on $20B of U.S. exports from Sept. 8, while TPEB rates hit a four-year high and Panama Canal cuts slots.
Canada's Section 338 tariff deadline moves to Aug. 22 with auto and alcohol duties suspended, and Typhoon Dolphin backs up 2.4M TEU at Shanghai and Ningbo.
The Senate passed a bill allowing 100% tariffs on buyers of Russian oil, with a House vote pending, as new Section 232 polysilicon tariffs take effect Dec. 4.
A bipartisan deal on the Russia sanctions bill advances secondary tariffs that could hit China and India, as Strait of Hormuz transits fall 90% year over year.
Section 301 tariffs on Brazil take effect July 22, stacking with Section 122 duties, as a Strait of Hormuz closure restricts 200K TEU of ocean capacity.
CBP consolidates forced labor guidance under UFLPA and CAATSA as CPSC eFiling turns mandatory July 8 and TPEB rates surge ~10% on peak-season demand.
The CIT denies the government's stay request in the Section 122 tariff case while CBP keeps collecting duties; China-to-U.S. air rates face upward pressure.