US Small Businesses Face Bankruptcy Amid Rising Tariffs

US Small Businesses Face Bankruptcy Amid Rising Tariffs

US small and medium-sized enterprise importers are facing a survival crisis due to tariffs. Surveys show that high tariffs severely impact corporate profitability, even leading to bankruptcy. While companies attempt to shift sourcing locations, the effect is limited, and policy uncertainty further exacerbates the situation. There are no winners in a tariff war; open cooperation is the path to mutual benefit and win-win outcomes. The impact is particularly pronounced on smaller businesses lacking the resources to absorb the increased costs or navigate complex supply chain adjustments.

11/03/2025 Logistics Industry Insights
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Nigeria Revises Tariffs to Align With Afcfta Trade Pact

Nigeria Revises Tariffs to Align With Afcfta Trade Pact

Nigeria is upgrading its tariff system in collaboration with the WCO and ECOWAS to prepare for the African Continental Free Trade Area (AfCFTA). This modernization aims to improve trade efficiency, combat smuggling, and promote regional integration. The updated system will streamline customs procedures and enhance compliance with international standards, ultimately facilitating smoother trade flows and contributing to Nigeria's economic growth within the AfCFTA framework. This initiative signifies Nigeria's commitment to leveraging the opportunities presented by the AfCFTA and strengthening its position as a key player in African trade.

01/05/2026 Customs Knowledge
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LA Port Tariffs Spark Trucking Industry Crisis

LA Port Tariffs Spark Trucking Industry Crisis

The Port of Los Angeles has experienced a significant drop in throughput due to tariff policies, leading to a severe business downturn for truck drivers. Both year-over-year and month-over-month throughput have declined, with an increase in canceled sailings. Retailers' restocking strategies have proven ineffective. The trade war is increasing uncertainty, potentially affecting holiday season commodity prices and supply. The article urges businesses to diversify trading partners, optimize supply chain management, and strengthen international cooperation. This situation highlights the vulnerability of the port and its related industries to global trade tensions.

01/06/2026 Logistics Industry Insights
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Trade Tensions Weaken Global Air Cargo Demand Amid Tariffs

Trade Tensions Weaken Global Air Cargo Demand Amid Tariffs

The Trump administration's tariff policies have increased uncertainty in the air freight market, with freight forwarders postponing negotiations and shippers favoring short-term agreements. Airlines may adjust routes, shifting capacity from China to Southeast Asia or the transatlantic market. Slowing e-commerce demand and regulatory changes are also impacting the market, with Shanghai-US air freight prices dropping significantly. Companies need to diversify their supply chains and optimize inventory management to mitigate trade risks. This includes exploring alternative sourcing locations and improving demand forecasting to reduce reliance on specific trade lanes.

01/08/2026 Logistics Industry Insights
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Industrial Real Estate Thrives Despite Economic Volatility

Industrial Real Estate Thrives Despite Economic Volatility

Cushman & Wakefield's report indicates a robust US industrial real estate market in Q2, driven by logistics demand and a preference for high-quality assets. Despite pressures in the Western region, the overall leasing market remained stable with a gradual increase, accompanied by a slowdown in supply. Experts believe that tariff easing and rental adjustments are boosting market confidence. The market is expected to continue adjusting in the future, presenting both opportunities and challenges. The report highlights the resilience of the sector and its ability to adapt to evolving economic conditions.

01/20/2026 Logistics Industry Insights
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TD Cowen Analyzes Freight Market Trends Tariffs and LTLTL Shifts

TD Cowen Analyzes Freight Market Trends Tariffs and LTLTL Shifts

At the SMC3 JumpStart 2025 conference, TD Cowen Managing Director Jason Seidl shared his unique insights on the freight economy, tariff impacts, AI applications, nearshoring, M&A activity, and LTL/TL market trends. His presentation provided valuable market analysis and strategic advice for businesses navigating the complexities of the current freight landscape. He highlighted key factors shaping the industry and offered actionable recommendations for companies looking to optimize their logistics operations and capitalize on emerging opportunities. Seidl's expertise offered attendees a comprehensive understanding of the forces at play in the freight market.

01/20/2026 Logistics Industry Insights
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Ivory Coast Launches Transparent Customs System to Boost Trade

Ivory Coast Launches Transparent Customs System to Boost Trade

With support from the EU-WCO and the German Alliance for Trade Facilitation, Côte d'Ivoire is actively developing a national Advance Ruling System. This initiative aims to enhance trade transparency and predictability, reduce trade disputes, attract foreign investment, and improve customs efficiency. The system is expected to revitalize Côte d'Ivoire's trade development and serve as a model for other African nations. It will provide traders with binding rulings on tariff classification, origin, and other customs-related matters before import or export, fostering a more predictable and reliable trading environment.

01/22/2026 Customs Knowledge
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US Imposes Heavyduty Truck Tariffs Amid Industry Concerns

US Imposes Heavyduty Truck Tariffs Amid Industry Concerns

A 25% US tariff on imported heavy-duty trucks has taken effect, aiming to boost domestic manufacturing and strengthen national security. However, this move could lead to increased truck prices, supply chain disruptions, and trade tensions. Industry experts and freight carriers express concern about the long-term impact, citing increased market uncertainty and potential inflationary pressure. The actual effects of the policy remain to be seen. The price increase will impact consumers and businesses alike, potentially slowing down economic growth. The policy's effectiveness in achieving its stated goals is also questionable.

01/21/2026 Logistics Industry Insights
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In-depth Analysis of Lin Yi's Logistics Industry Crisis: The Psychological and Trust Issues Behind the Runaway Events

In-depth Analysis of Lin Yi's Logistics Industry Crisis: The Psychological and Trust Issues Behind the Runaway Events

The logistics industry in Linyi has recently experienced frequent incidents of businesses absconding, leaving merchants in a situation with no means of recourse and exacerbating the trust crisis within the industry. The root cause lies in the cash on delivery system, which, while providing security for merchants, has led to negative public perceptions due to these absconding cases. To restore credibility in the industry, it is urgently required to engage in deep reflection and rectification to establish trust mechanisms and promote sustainable development.

07/21/2025 Logistics
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Ireland Overhauls Biopharma Tariffs to Spur RD and Trade

Ireland Overhauls Biopharma Tariffs to Spur RD and Trade

Ireland has released a biopharmaceutical tariff adjustment plan aimed at reducing R&D and compliance costs, and strengthening its global competitiveness. The new policy focuses on tax reductions for R&D equipment, adaptation to new EU regulations, incentives for high-value drug exports, and restrictions on low-value-added product exports. This move aims to address challenges such as the impact of new EU regulations and increased global competition. It is expected to promote the quality and efficiency of Ireland's biopharmaceutical industry, optimize the global trade landscape, and inject new impetus into Sino-Irish and EU-Irish pharmaceutical trade.

01/15/2026 Customs Knowledge
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