BIS proposes adding cables, cranes, and other copper, steel, and aluminum goods to Section 232 coverage at 25%, with public comments due to BIS by Aug. 27.
BIS proposes adding cables, cranes, and other copper, steel, and aluminum goods to Section 232 coverage at 25%, with public comments due to BIS by Aug. 27.
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.
The USTR left the July 24 expiration of 10% Section 122 tariffs undecided as the U.S. appeals the CIT ruling, with 50% Section 338 duties on Canada due Aug. 19.
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.
The U.S. opens new Section 301 investigations into China, the EU, and 14 other partners, while Middle East escalation disrupts ocean and air freight.
The Court of International Trade orders universal IEEPA duty refunds while Middle East escalation disrupts air and ocean freight operations.
Vessels resumed Cape of Good Hope transits after extreme weather while strong Transpacific volumes met structural blank sailings and Asia-US port congestion.
Red Sea reroutings via the Cape of Good Hope strain schedules as strong demand and another GRI push Asia-Europe ocean rates up, per the May 16, 2024 update.