Here are some of the top news stories impacting supply chains right now. On May 12, the White House announced a trade agreement between the United States and China. Both countries have agreed to reduce tariffs by 115% while retaining a 10% baseline tariff. Changes are to take effect by May 14. China will suspend its 34% retaliatory tariffs for 90 days and remove other non-tariff countermeasures. T...
U.S. Customs and Border Protection has issued the following guidance on implementing Presidential Executive Order (EO) “Modifying Reciprocal Tariff Rates to Reflect Discussions with The People’s Republic of China,” issued on May 12, 2025.
Late Thursday, the US proposed a multi-phase port tax plan for shipping tied to China that is dependent on ship size. The reset follows outspoken resistance to the US Trade Representative's proposed millions of dollars in fees from shippers, exporters, and other marine stakeholders during public hearings in March. The long-term strategy also accounts for the anticipated years-long increase in the ...
Here are some of the top news stories impacting supply chains this month:
What logistics teams need to know when suppliers promise “DDP” delivery
