Chages to the de minimis exemption are set to take effect in May, according to White House executive order
While the major focus of the White House’s executive order issued on April 8 was the increase in tariffs on imported goods from China into the United States to 104%, the executive order also included updates to the de minimis exemption, which allows goods under $800 sent from China and Hong Kong to the U.S. […]
White House Executive Order increases tariffs on imported goods from China into the U.S. to 104%
Already-high trade tension between the United States and China escalated further yesterday, with the White House issuing an Executive Order, calling for what amounts to a significantly increased tariff on imported goods from China into the United States. In the Executive Order, President Trump said that in response to the State Council Tariff Commission of […]
DHL announces $2 billion investment to grow its healthcare logistics business
DHL Group said this week it is investing $2 billion through 2030 to grow its life sciences and healthcare logistics business, with $860 million going to North America. The company announced the plan on Monday, saying the money will go toward expanding cold storage, building new pharma hubs, and adding more temperature-controlled vehicles to support sensitive medical shipments […]
U.S. targets small-value Chinese imports with the pending removal for the de minimis treatment
In addition to the implementation of sweeping tariffs on United States global trading partners earlier this week, the Executive Order issued by the White House also included language regarding the end of the de minimis treatment, which allows goods under $800 sent from China and Hong Kong to the U.S. to not be subject to […]
Confusion reigns as Trump rolls out conflicting fine-print changes in tariff rules
The freight world was thrust into turmoil over President Donald Trump’s 10% tariffs on freight transportation across both the Canadian and Mexican borders and as high as 35% on China and other countries. It’s 10%, that is, except for auto parts, which got a 25% tariff. And then there are entire industries employing small armies […]
President Trump signs Executive Order imposing reciprocal tariffs to address U.S. trade deficits
As expected, President Trump today signed an Executive Order, entitled “Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits,” in which the United States will institute reciprocal tariffs on countries throughout the world. A major driver for today’s announcement, as stated in […]
Manufacturing contracts in March, as tariff impact weighs on growth
Coming off of two consecutive months of growth, manufacturing activity in March did not keep the momentum going, according to the new edition of the Manufacturing Report on Business, which was issued today by the Institute for Supply Management (ISM). The report’s benchmark reading, the PMI, came in at 49 (a reading of 50 or […]
National diesel average increases, for week of March 31, reports EIA
The national average price per gallon of diesel gasoline headed up for the second straight week, according to data issued today by the Department of Energy’s Energy Information Administration (EIA). The national average, for the week of March 31, rose 2.5 cents, coming in at $3.592 per gallon, following a 1.8-cent increase, for the week […]
Freight Economy stares down an unpredictable future amid escalating tariffs and global trade tensions
As United States-driven tariff-related actions continue to dominate the narrative in supply chain and freight transportation circles, leading to a new “Trade War,” it is not an understatement to say it has brought with it a sense of economic uncertainty, and unease regarding macroeconomic conditions. That has been seen in various ways, including companies debating […]
Survey indicates AI will boost supply chain, but systems remain disjointed
A new survey from LeanDNA shows that supply chain and business leaders are betting big on AI, but most still have a long way to go when it comes to syncing their digital systems. LeanDNA and Wakefield Research surveyed 100 U.S. executives and 100 supply chain leaders. Nearly everyone agrees AI is key for predicting and preventing disruptions—92% of executives […]