US Imports Hit Record High in 2024 Amid Tariff Uncertainty

US Imports Hit Record High in 2024 Amid Tariff Uncertainty

S&P Global Market Intelligence reports that US imports maintained strong growth in 2024 despite tariff risks, attributed to early stockpiling and strike concerns. However, with the implementation of tariff policies, US imports may face a decline in 2025. Businesses need to adjust their strategies to address the challenges posed by these policies. The report highlights the resilience of the US import market in the short term but signals potential headwinds in the coming year due to evolving trade dynamics.

02/04/2026 Logistics Industry Insights
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US Retailers Stock Up As Port Strike Threat Looms Before Holidays

US Retailers Stock Up As Port Strike Threat Looms Before Holidays

U.S. importers are rushing goods into the country at record pace amid concerns of potential strikes at East and Gulf Coast ports. Reports indicate a significant import surge in July, with August projected to reach new highs. Retailers face a difficult choice between stockpiling inventory and waiting, as the potential crisis looms. This situation has far-reaching implications for supply chains, consumers, and the overall economy, adding pressure to already strained logistics networks. The preemptive importing is an attempt to mitigate potential disruptions.

02/04/2026 Logistics
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US Threatens 100 Tariffs on South Korean Chipmakers

US Threatens 100 Tariffs on South Korean Chipmakers

The US Commerce Secretary warned that South Korean memory chip companies could face import tariffs as high as 100% if they do not expand their investments in the United States. This move aims to boost the domestic semiconductor industry in the US and reduce reliance on overseas chip supplies. Korean companies face a dilemma: either invest in building factories in the US or bear the burden of hefty tariffs. The US government is clearly pushing for more on-shore manufacturing of critical components.

02/05/2026 Customs Knowledge
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Global Trade to Fully Digitalize by 2027 Under Ataistanbul Convention

Global Trade to Fully Digitalize by 2027 Under Ataistanbul Convention

The ATA/Istanbul Convention Conference is accelerating the digitalization of temporary admissions, aiming for full implementation by 2027. The e-ATA transformation has begun, with successful pilot programs in the UK and Switzerland, leading to smarter and more efficient trade. This shift promises streamlined processes and reduced paperwork, ultimately boosting international commerce by leveraging digital technologies for customs procedures related to ATA Carnets. The move towards e-ATA represents a significant step in modernizing and simplifying temporary import/export operations globally.

02/05/2026 Customs Knowledge
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Guide to Exportimport Responsibilities Under Key Incoterms

Guide to Exportimport Responsibilities Under Key Incoterms

This article provides an in-depth analysis of the division of export and import customs clearance responsibilities under common Incoterms such as FOB, CIF, and DDU. It clarifies the respective customs clearance obligations and procedures borne by buyers and sellers under different Incoterms. Practical tips are offered to help businesses clarify responsibilities, avoid risks, and ensure the smooth execution of international trade activities. The guide aims to provide clarity and prevent potential pitfalls in understanding customs clearance obligations within various international trade agreements.

02/05/2026 Customs Knowledge
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US Crossborder Shipping Guide for International Shoppers

US Crossborder Shipping Guide for International Shoppers

This article provides a detailed overview of various shipping methods from the US to China for purchased goods, including direct shipping, forwarding, air freight, and sea freight. It analyzes the advantages, disadvantages, and suitable scenarios for each method. Furthermore, it offers considerations for logistics selection and customs clearance tips to help overseas shoppers choose the most appropriate shipping option and enjoy a worry-free shopping experience. It guides users through the complexities of international shipping to facilitate a smooth and successful import process.

02/05/2026 Logistics Encyclopedia
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Singapores LCL Shipping Eases Oversized Machinery Transport

Singapores LCL Shipping Eases Oversized Machinery Transport

LCL shipping service from Singapore offers an efficient and reliable solution for international transportation of oversized machinery. With security, cost-effectiveness, and convenient operation, businesses can focus on their core activities. Processes such as cargo consolidation, packing & securing, customs clearance ensure safe and efficient transportation of goods. Choosing a reliable provider helps companies enhance their competitiveness in the global market. The service streamlines the complex logistics, allowing businesses to export and import heavy machinery with ease and peace of mind.

02/05/2026 Logistics
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Slovakian Imports Face Customs Hurdles Via Hong Kong

Slovakian Imports Face Customs Hurdles Via Hong Kong

This article details the entire process of Slovakian purchased goods transiting through Hong Kong for customs clearance into mainland China. It covers sea freight route selection, Hong Kong customs clearance procedures, key points for mainland customs clearance, and important considerations. The aim is to help readers efficiently and compliantly complete cross-border shopping. It provides practical guidance on navigating the complexities of international shipping and customs regulations, ensuring a smooth and legal import process for Slovakian goods purchased through a purchasing agent.

06/12/2024 Customs Knowledge
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Turkey Calls for Global Cooperation on Transit Trade Sanctions

Turkey Calls for Global Cooperation on Transit Trade Sanctions

Turkey has submitted a proposal to the WTO aimed at regulating transit trade penalty measures and preventing abuse that hinders trade flows. The proposal suggests applying penalty constraints applicable to import and export trade, with modifications, to transit trade. This aims to ensure fair and transparent penalty principles, promote trade facilitation, enhance efficiency, guarantee fairness, and ultimately promote economic development and global supply chain stability. The proposal seeks to prevent disproportionate penalties that disrupt transit routes and negatively impact landlocked developing countries.

02/05/2026 Customs Knowledge
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Thailand Shipping Costs Key Insights and Best Practices

Thailand Shipping Costs Key Insights and Best Practices

This article provides an in-depth analysis of Thailand shipping quotes, detailing the various cost components, influencing factors, and the correct methods for obtaining quotes. By understanding the specifics of shipping quotes, readers can effectively control costs and avoid potential hidden fees, thereby facilitating smooth import and export trade with Thailand. It covers aspects like freight rates, surcharges, and documentation fees, offering practical advice on negotiating favorable terms and ensuring accurate cost estimations for informed decision-making in international trade.

02/06/2026 Logistics Encyclopedia
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