CBP says it can’t comply with court order for tariff refunds yet
The agency is confident it can implement a process that streamlines returns for now-defunct Trump administration levies in 45 days, according to a court filing.
The agency is confident it can implement a process that streamlines returns for now-defunct Trump administration levies in 45 days, according to a court filing.
Manufacturers may be weighing tariff costs, but they’re also assessing whether domestic production investments can help achieve supply chain resilience, procurement and labor goals.
A lawsuit from a cohort of over 20 states argues the president overstepped his authority by failing to meet a never-before-used statute’s requirements.
The new express service comes amid expectations of a rebound in capacity demand with the easing of tariffs between the two countries and ongoing trade negotiations.
The push to launch futures contracts for container shipping has gained momentum in recent years given the seemingly never-ending volatility and disruption in the market.
While the White House has signaled support and Republicans hold a majority on the US Surface Transportation Board, opposition has surfaced that has many believing the $85 billion merger is not necessarily a done deal.
While of concern to shippers and ocean carriers, the global impact of the war in the Middle East on container flows will be less severe than COVID-19 disruptions and Red Sea diversions, Lars Jensen told TPM26.
A sharp increase in imports from Asia, declining back-haul volume, and congestion delaying the return of empties are slowing down the repatriation of equipment back to Asia.
The automaker is also tackling supply gaps, but warns China rare earth supplies are emerging as a new risk.
Tobias Meyer said companies are starting to consider offloading Asia export cargo at ports in the Indian subcontinent for eventual onward shipment into the Gulf region, but it has not yet emerged as a trend.