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Ocean and Air Freight Market Updates
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Section 301 Tariffs on Brazil Take Effect July 22, Stacking with Section 122 Duties; Strait of Hormuz Closure Restricts 200K TEU of Ocean Capacity
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 Rejects Warehouse Entries on CAPE Declarations, Risking IEEPA Refunds; TPEB Rates Climb as Panama Canal Restrictions Tighten Capacity
CBP rejects warehouse entries on CAPE declarations, risking IEEPA refunds, as CPSC eFiling turns mandatory and TPEB rates climb on Panama Canal limits.
U.S.-EU Trade Agreement Eliminates Duties on Most U.S. Goods Starting July 1; TPEB Rates Rise as July Capacity Hits Three-Year High
The U.S.-EU Trade Agreement takes effect July 1, eliminating duties on most U.S.-origin industrial goods entering the EU, as TPEB rates rise on peak capacity.
CAPE Phase 2 Launches June 29 for Reconciliation-Flagged Entries; TPEB Rates Rise 10% for Sixth Consecutive Week
CBP's CAPE Phase 2 launches June 29 for reconciliation-flagged entries seeking IEEPA tariff refunds, as TPEB rates rise 10% for a sixth straight week.