A countervailing duty (CVD) is a tariff imposed by the United States to offset unfair competitive advantages gained by domestic industries due to foreign government subsidies. Targeting specific countries and products, CVDs aim to restore a level playing field in international trade. Businesses should monitor policy changes, ensure compliance, and proactively address the challenges posed by countervailing duties.
Customs valuation checks are common risk points in international trade. Businesses need to prepare various documents in advance, including commercial invoices, purchase contracts, and marine insurance policies, to verify the authenticity of the declared value of goods and mitigate potential tariff expenditure risks. Through thorough preparation and efficient document management, companies can better navigate customs challenges and ensure compliant operations.
Maritime Transport has launched two new railway services connecting DP World London Gateway with Hams Hall and iPort Doncaster. This initiative responds to the growing demand for container transportation and supports upcoming port expansion projects, aiming to promote a low-carbon and efficient supply chain development.
This paper delves into the tariff policies during the Trump administration, the impact of US government shutdowns, and the termination of the 'de minimis' rule. It analyzes the effects of these factors on corporate supply chains, cost structures, compliance, and operational strategies. Furthermore, it offers coping strategies, including utilizing bonded warehouses and free trade zones, to help companies navigate the complex international trade environment effectively and stably.
The US tariff policy has triggered a trade war, severely impacting the global shipping industry. Sectors like container shipping, car transportation, and energy exports are all affected, leading to increased shipping rates and global economic uncertainty. The goal of revitalizing the US shipbuilding industry is unlikely to be achieved in the short term. Ultimately, consumers and businesses will pay the price for trade protectionism.
As Norway's second largest port, Bergen Port actively promotes sustainable development and aims to become a zero-emission port. The port authority integrates green infrastructure and low-carbon transportation solutions, alongside community engagement, to harmonize environmental measures with economic growth, setting an example for green shipping in Northern Europe.
DHL has partnered with Neste to provide 9.5 million liters of Sustainable Aviation Fuel (SAF) in Singapore from 2025 to 2026. This initiative aims to help the aviation industry reduce carbon emissions and achieve environmental goals. As a result, the use of SAF in DHL's flights in Singapore will reach 40%.
Recently, the SCFI freight index from the Shanghai Shipping Exchange has continuously decreased, particularly along the West and East Coast routes of the U.S., with significant rate declines. Soft demand, coupled with the upcoming implementation of new tariff policies, presents fresh challenges and uncertainties for the market. Shipping companies are closely monitoring the impact of tariffs on import prices and the economy, anticipating large-scale shifts in the supply chain.
Accurate HS code classification is crucial for international trade. While HS code 15099040 may point to an 'other' category, its correct application directly impacts a company's compliance, product market access, and supply chain advantages. Businesses need to prioritize HS code accuracy to reduce operational costs and enhance competitiveness. Proper classification ensures correct tariff application and avoids potential penalties, contributing to a smoother and more efficient global trade operation.
The World Customs Organization (WCO) recommendations promote the implementation of Harmonized System (HS) resolutions, facilitating global trade and compliance. These recommendations, often discussed within the HS Committee, aim to provide clarity and consistency in customs classification. By adhering to WCO guidelines and HS resolutions, countries can streamline import and export processes, reduce trade barriers, and ensure accurate tariff application. This ultimately contributes to a more efficient and transparent international trading environment.
