News

Governments from around the world have been scrambling to strike deals with Washington before the new deadline passes. The US has left a 10% global tariff in place, which included the UK, though the long-time ally of America was not subject to the administration’s higher “reciprocal” tariffs. The UK is...

China has ordered its airlines not to take further deliveries of Boeing jets in response to the U.S. decision to impose 145% tariffs on Chinese goods. China’s top three airlines – Air China, China Eastern Airlines, and China Southern Airlines had planned to take delivery of 45, 53 and 81...

The United States announced a multi-phase scheme for port fees on Chinese-linked shipping based on the size of ships. The reset comes after a wave of opposition during public hearings in March from shippers, exporters and other maritime stakeholders to millions of dollars in fees proposed by the United States...

The trade office has recommended potential fees of up to $1.5m per port call for Chinese-built vessels, $1m per port call for operators of Chinese-built ships, and mandatory US-flag shipping requirements. Most operators in the world have in their fleet one or more ships of Chinese origin meaning that when...

Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supply. Brent crude prices rose by 2.1% over the week, while U.S. West Texas Intermediate crude increased...

This Wednesday, U.S. President Donald Trump threatened to hit back against Europe’s own retaliatory move to Washington’s 25% tariffs on steel and aluminum imports. As the latest tariffs went into effect on Wednesday, the European Union (EU) announced it would impose counter-tariffs on 26 billion euros ($28.33 billion) worth of...

Legislation reintroduced Tuesday in the House of Representatives would establish a 10% tax credit to help upgrade the U.S. freight car fleet. Get those new cars moving with the Gateway Logistics team!

The aircraft carrier USS Harry S. Truman and a merchant vessel collided late Wednesday in the Mediterranean Sea. The incident involving the Panamanian-flagged bulk carrier Besiktas-M occurred around 11:45 p.m. local time, near Port Said, Egypt. No injuries have been reported, but the extensive damages are clearly observable in recently...

President Donald Trump has imposed a blanket 25% tariff on steel and aluminum entering the U.S. Bloomberg reported that the tariffs are being broadly imposed, applying to imports from allies such as the EU, Canada and Mexico and to finished metal products. The action drew applause from the Steel Manufacturers...

While the 10 percent tariff has garnered significant attention, the real change in the Executive Order lies in the suspension of the de minimis loophole. This loophole has allowed e-commerce giants to bypass American import taxes and consumer safety standards, creating an uneven playing field for American businesses. The de...