The US unveils new trade frameworks and reciprocal tariff exemptions, the EU moves to end its low-value duty exemption, and TPEB overcapacity persists.
President Trump suggests a potential 155% tariff on Chinese goods absent a trade deal by November 1, as demand stays soft on Transpacific and Far East Westbound.
Trump plans a 25% tariff on medium and heavy trucks as port fees on Chinese vessels loom and Golden Week drives blank sailings on TPEB and FEWB.
October 2, 2025: CBP keeps collecting tariffs and processing refunds through the U.S. government shutdown as ex-Asia air freight demand surges.
Cargo operations resume on the ZIM Mississippi as carriers suspend TPEB services amid oversupply, with a new US fee on Chinese vessels effective October 14.
A U.S.-China tariff truce is extended 90 days holding 30% and 10% duty rates, while a volcanic eruption disrupts North Pacific air freight routes.
New reciprocal tariffs on nearly 70 U.S. trade partners take effect while typhoons cause delays on Transpacific and Asia-Europe lanes, August 7, 2025.
June 12, 2025: President Trump announces a U.S.-China trade deal pending final approval, while transpacific eastbound demand eases slightly.