On the heels of China’s announcement of a 90-day tariff pause, U.S. official Bensent called it “a bit too early” — stating the President is still reviewing whether to raise tariffs on August 12. For freight forwarders and importers, this signals one thing: the U.S.-China trade truce might not last.
In a significant development for international trade, the United States and China have agreed to extend their tariff suspension agreement for another 90 days, postponing a potentially sharp escalation in bilateral tariffs. What Was at Stake? The previous suspension deal — which kept tariffs capped at 30% — was due
According to the latest figures released by Armstrong & Associates, the world’s top 25 air freight forwarders handled a combined 16.74 million metric tons of cargo in 2024. This marks a 9.4% year-on-year increase, highlighting a solid recovery and growth in the global air cargo market. Who Leads the Market?
In the first half of 2025, China’s once-booming shipbuilding industry has seen a marked slowdown in new orders. Despite remaining the world’s largest shipbuilding nation, the latest figures reveal a sharp drop that’s drawing industry-wide attention. Let’s break down what’s happening, why it matters, and what might come next. The
This Wednesday, during the U.S. stock market's morning session, President Donald Trump announced a second wave of tariffs, targeting products from several additional countries. The details are as follows: Philippines: 20% tariff Brunei and Moldova: 25% tariff Algeria, Iraq, Libya, Sri Lanka: 30% tariff Brazil: 50% tariff Market Impact: Brazilian
On July 2, the U.S. Commerce Department sent letters to major ethane producers—Enterprise Products Partners, Energy Transfer, Satellite Chemical USA, and Vinmar International—announcing the rescindment of a restrictive licensing requirement that had previously halted ethane exports to China. What Happened? In late May and early June, the U.S. imposed new export
On June 11, China officially unveiled the world's first wind-assisted Aframax product oil tanker, a groundbreaking innovation that signals the shipping industry's gradual shift toward smarter and greener operations. Built by Shanghai Waigaoqiao Shipbuilding under China State Shipbuilding Corporation, this tanker, named BRANDS HATCH, integrates cutting-edge "wind sail" technology into
In April 2025, China’s decision to tighten its grip on rare earth exports sent shockwaves across the global automotive supply chain. With China controlling the majority of the world’s rare earth refining and magnet production, the move immediately triggered concerns among automakers about the security of critical raw materials. But
