U.S. Import Freight Rates Continue to Rise Following Temporary China Tariff Reduction
Although tariffs on Chinese imports are still at 30%, the temporary tariff reduction has triggered an increase in transpacific shipping volumes and rates. Conditions now resemble typical peak seasons.
Trump Announces Doubling Steel Tariffs to 50% as of June 4
The announcement comes as Nippon Steel, Japan’s largest steel producer, finalizes a multi-billion-dollar acquisition of U.S. Steel.
U.S. Importers Granted Temporary In-Transit Tariff Relief Until June 16
This measure allows qualifying shipments to avoid additional IEEPA-based tariffs—either through full exemption or a reduced 10% rate—if they were already en route to the U.S. before the tariffs took effect.
CBSA Issues RPP Contingency Plan for Time-Sensitive and Perishable Goods
This contingency plan is a short-term measure designed to ensure the movement of essential goods while maintaining CBSA’s RPP compliance framework under CARM.
