US Import Growth Slows Amid Trade Shifts

US Import Growth Slows Amid Trade Shifts

Descartes' latest report reveals that US import growth stalled in October, experiencing a year-over-year decline, indicating increased market risk. China's import share rose, but its total volume decreased, mirroring a general downturn among major trading partners. Performance varied between East and West Coast ports. Businesses should diversify their supply chains, optimize inventory, enhance risk management, and actively explore new markets to navigate the changing market landscape. The stagnation suggests potential challenges ahead for the US economy and highlights the need for proactive strategies.

01/07/2026 Logistics
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Global Pesticide Export Challenges Compliance Safety Logistics

Global Pesticide Export Challenges Compliance Safety Logistics

Pesticide exports via ocean freight require strict compliance, including product qualifications, dangerous goods packaging certification, and destination country import restrictions. Specialized freight forwarders are crucial in addressing logistical challenges and ensuring safe and efficient transportation, facilitating the smooth export of pesticide products. Their expertise in handling hazardous materials and navigating international regulations is vital for a successful export process, minimizing risks and ensuring adherence to all necessary guidelines.

05/17/2024 Logistics Encyclopedia
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Crossborder Ecommerce Faces New Customs Valuation Challenges

Crossborder Ecommerce Faces New Customs Valuation Challenges

The World Customs Organization released Advisory Opinion 4.19, clarifying how to handle royalties that include both patent rights for imported raw materials and trademark rights for the final product in customs valuation. This opinion aims to enhance valuation certainty, reduce trade friction, and assist businesses in tax planning. It offers valuable guidance for cross-border e-commerce and import-export enterprises, particularly regarding the treatment of royalties in determining customs value. The advisory opinion provides a framework for consistently applying valuation principles to complex licensing agreements.

01/05/2026 Customs Knowledge
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Shipping Surcharges Significantly Reduced, Easing Burden on Export Enterprises

Shipping Surcharges Significantly Reduced, Easing Burden on Export Enterprises

With the government's cleanup of fees related to import and export processes, shipping companies have begun to reduce additional charges, lightening the economic burden on export enterprises. Investigations revealed that several shipping companies were imposing unreasonable fees, prompting the government to enforce standardized pricing. These measures are expected to alleviate over 200 million yuan in annual costs for China's export enterprises, with the Port of Qingdao alone seeing a reduction of 16 million yuan each year. Such actions will improve market order and support sustained growth in foreign trade.

07/21/2025 Logistics
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Zinc Pipe Trade HS Codes Tax Rates and Industry Uses

Zinc Pipe Trade HS Codes Tax Rates and Industry Uses

This article provides a detailed analysis of the HS code 7907002000 for zinc pipes and their accessories, as well as information on tax rates and declaration elements. It aims to assist traders in optimizing import and export processes, reducing costs, and enhancing market competitiveness.

08/05/2025 HS Code Query
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HS Code 0207132901 Clarified for Fresh Chilled Chicken Wings

HS Code 0207132901 Clarified for Fresh Chilled Chicken Wings

This article provides a detailed explanation of the HS code 0207132901 for fresh or frozen chicken wings and its associated tax rates. It covers export and import tax rates, regulatory conditions, and inspection requirements, offering professional information and guidance for merchants engaged in international trade.

08/08/2025 HS Code Query
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HS Code for 14dichlorobenzene Impacts Global Trade

HS Code for 14dichlorobenzene Impacts Global Trade

This article provides an in-depth analysis of the HS code for 1,4-dichlorobenzene and relevant trade information, highlighting its significance in import and export activities. It discusses the current tax rates and market regulatory factors, aiding businesses in better understanding compliance and business strategies.

08/08/2025 HS Code Query
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