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
In international express logistics, especially when shipping from China, you may often hear the term “Chong Huo” (冲货). But what does it really mean? Is it a recommended practice? Let’s break it down. What Does “Chong Huo” Mean? In simple terms, “Chong Huo” refers to the act of sending restricted
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
As the U.S. approaches several critical tariff deadlines this summer — including the July 8–9 suspensions and the August 12 and August 31 China-focused expirations — global traders, manufacturers, and logistics firms are watching developments closely. Let’s look at what might happen next, based on recent news. Recent developments U.S.–China
On the heels of escalating global trade tensions, the U.S. has released new guidance targeting home appliances that contain steel-derived components. This move effectively broadens the scope of tariffs originally imposed on raw steel, now extending them to finished goods such as refrigerators, washing machines, and microwaves. Here’s what this
