Trump tweaks Canada tariffs, removing certain goods while adding others
Plywood and certain packaging materials are among the products that will no longer face the 50% tariff, effective Oct. 30.
Plywood and certain packaging materials are among the products that will no longer face the 50% tariff, effective Oct. 30.
The three-year deal announced Friday comes a week after Montreal employers and the port workers union agreed to a five-year contract after a one-year arbitration process, and as Prime Minister Mark Carney’s government pushes port labor reforms.
A stakeholder group of drayage carriers wants enforceable standards for managing empty container handling, putting more burdens on ocean carriers for managing their equipment.
The island’s busiest port of Kaohsiung, as well as the ports at Keelung and Taipei, were among the harbors closed Friday as the storm, packing winds of up to 120 mph, approached.
The change from a routing around southern Africa is part of the ongoing gradual return of Far East services using the shorter Suez route.
Demand by hyperscalers is driving the volume, particularly on the trans-Pacific, but general high-tech products and restocking ahead of November’s online shopping promotions are also filling freighters.
Demand by hyperscalers is driving the volume, particularly on the trans-Pacific, but general high-tech products and restocking ahead of November’s online shopping promotions are also filling freighters.
Even when the Strait of Hormuz fully reopens, the network of alternative ports and land corridors that have provided a Plan B during the war will likely remain in place so they can be activated when security risks return, experts say.
At AdvaMed’s The MedTech Conference, company executives said they’re bracing for disruption by investing in inventory, scenario planning and their relationships with chip suppliers.
DHL Global Forwarding has added air freight corridors connecting Cincinnati with key hubs in Asia for temperature-sensitive goods.