US Imports Drop Sharply in May Amid Trade Tensions China Hit Hardest

US Imports Drop Sharply in May Amid Trade Tensions China Hit Hardest

A Descartes report reveals a significant drop in U.S. container imports in May, with China freight experiencing a record decline due to trade friction and tariffs. The share of East Coast and Gulf Coast ports increased, while West Coast ports saw a decrease, indicating a profound shift in trade patterns. The impact of ongoing trade disputes is clearly visible in the reduced import volumes and the changing dynamics between different port regions.

01/20/2026 Logistics
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US Businesses May Reclaim Millions in Unclaimed Tariff Refunds

US Businesses May Reclaim Millions in Unclaimed Tariff Refunds

Facing opportunities arising from the U.S. Trade Representative (USTR) tariff policy adjustments, how can businesses seize duty drawback benefits? North American customs compliance expert Ben Bidwell reveals the impact of USTR tariff policy changes, the potential for duty drawback amounts, the direction of China-U.S. tariffs, and the long-term effects of tariffs. He advises companies to proactively respond, grasp opportunities, strengthen cooperation with customs brokers and trade experts, enhance compliance levels, and reduce trade risks. This proactive approach is crucial for navigating the evolving trade landscape and maximizing potential benefits.

01/30/2026 Customs Knowledge
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New HS Code Rules Impact Methyl Fluoride and Chloride Tax Rates

New HS Code Rules Impact Methyl Fluoride and Chloride Tax Rates

This article provides an in-depth analysis of the HS code and related tax rate information for the commodity code 2903491013, specifically for difluoromethane. It covers both export and import policies. By understanding this information, businesses can operate more effectively in the international market, thereby enhancing their competitiveness.

07/09/2025 HS Code Query
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Port Congestion Crisis: Deep Impact on Shipping and Freight Forwarding Industry

Port Congestion Crisis: Deep Impact on Shipping and Freight Forwarding Industry

The severe congestion at Chittagong Port has led to vessel waiting times extending up to 10 days, causing significant overload in the yard. Shipping companies and the freight forwarding industry are suffering massive economic losses, resulting in diminished customer trust and increased operational costs. Freight forwarding enterprises are under pressure, shipping efficiency is declining, and the entire industry urgently needs to optimize its logistics network to tackle these challenges.

06/19/2025 Logistics
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Global Trade Challenges Expert Insights on Tariffs and Supply Chains

Global Trade Challenges Expert Insights on Tariffs and Supply Chains

Parker Ward's series delves into the complexities of global trade, covering the impact of trade wars, tariff analysis, Shenzhen warehousing development, China's customs advance declaration requirements, and the influence of energy prices on other industries. The articles reveal the interconnectedness of the global economy, emphasizing the importance of compliance and providing valuable insights for businesses navigating trade challenges. It offers a comprehensive overview of key factors affecting international commerce and their implications for businesses operating in a globalized market.

11/03/2025 Logistics Industry Insights
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Maersk Adapts to Trump Tariffs Amid Trade Challenges

Maersk Adapts to Trump Tariffs Amid Trade Challenges

Amidst the uncertainty brought by Trump's tariff policies, Maersk CEO Søren Skou believes that tariffs themselves don't directly impact trade; consumer purchasing power is key. Maersk addresses these challenges by enhancing adaptability and deepening strategic partnerships, while firmly supporting free trade. This strategy offers valuable insights for the shipping industry, emphasizing flexible adaptation and efficiency improvements to navigate geopolitical risks and market fluctuations. The company's approach highlights the importance of resilience in a volatile global trade environment.

11/03/2025 Logistics Industry Insights
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