The US unveils new trade frameworks and reciprocal tariff exemptions, the EU moves to end its low-value duty exemption, and TPEB overcapacity persists.
The U.S. and China begin implementing tariff truce measures as the EU agrees to eliminate duty-free treatment for low-value goods under €150 by 2026.
The Supreme Court hears oral arguments on the legality of Trump's IEEPA tariffs as the ex-China air freight market begins to stabilize after months of volatility.
After Trump and Xi met in South Korea, the US moved to cut China's fentanyl tariff from 20% to 10% as congestion persisted at major European base ports.
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.
New US tariffs and port fees take effect as Trump threatens a 100% China tariff and export controls, while strikes disrupt FEWB and TAWB operations.
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.