On July 9, Trump reiterated the threat of increased tariffs, while Treasury Secretary Becerra noted that some countries might reach agreements, but not all parties would meet deadlines. The U.S. Secretary of Commerce stated that an agreement with ten major trading partners is forthcoming, increasing pressure on national survival. Cargo owners and freight forwarders must closely monitor policy changes to mitigate potential risks.
The Harmonized System (HS) is a crucial tool in international trade that enhances trade efficiency through standardized product classification. Developed by the World Customs Organization, it encompasses over 5,000 product categories, providing a framework for standardized data analysis and customs management. The HS ensures a universal language for global trade, effectively supporting the standardization of customs procedures and trade statistics across countries.
Jan Krems has been appointed as the President of United Airlines Cargo, symbolizing the maturity of the air freight industry. With a career spanning multiple countries, Krems views air cargo not just as a job, but a lifestyle. In response to market changes, he emphasizes the need for industry education for shippers and advocates for collaborative innovation to compete with maritime shipping.
As of August 10, 2025, 1 USD is exchanged for 300.71 Sri Lankan Rupees, reflecting the dynamic changes in both countries' economies. Understanding the importance of exchange rates in travel and investment decisions helps align with global economic trends. This paper explores the current exchange rate between the US dollar and the Sri Lankan rupee, along with the influencing factors.
Trump announced tariffs ranging from 15% to 50% on multiple countries, stating that the EU could enjoy lower rates if it opens its markets. In response, the EU plans to consolidate its countermeasures list, preparing nearly 100 billion euros in retaliatory measures. The outlook for negotiations between the two parties is grim, which will have profound implications for the global trade landscape.
The Port of New Orleans, located in the southern United States, is a commercial port at the downstream of the Mississippi River. With deep-water terminals and an extensive network of shipping routes, it has become a significant export center for grains and various commodities, handling over 160 million tons of cargo annually and connecting to more than 150 countries and regions worldwide.
Since its establishment in 1995, Fulang Port has served as a vital logistics hub for Ho Chi Minh City. Leveraging an excellent geographical location and modern facilities, it has continuously promoted trade between Vietnam and neighboring Southeast Asian countries. Its efficient services and close integration with the industry chain have become crucial support for the economic development of Ho Chi Minh City.
Dalian Port, located at the southern tip of the Liaodong Peninsula, is a natural ice-free port that serves as a crucial transportation hub for water and land in China. The port has established partnerships with over 160 countries and regions, operating 81 international shipping routes. With modern facilities and continuous growth in throughput, it is one of the world's important trade ports.
On October 16, 2023, the Yellow River Delta region inaugurated its first international freight train service, train number 79588, loaded with 2,760 tons of rolled steel headed for Uzbekistan. The train's route includes a main line and two branches, covering multiple countries. Operated on a fixed schedule, the train is expected to run once a week, significantly reducing transportation time and enhancing efficiency.
Exporting solid wood pallets requires fumigation treatment, especially for countries like the USA, Canada, and Australia. A fumigation certificate is essential to prove the sterilization of wooden packaging materials. Manufacturers must possess the necessary qualifications and apply for the fumigation certificate post-treatment. Buyers need to provide contracts and other documents, which are reviewed by inspection authorities before the issuance of the certificate.
