Tariffs –

Following the announcement on Friday, May 23^rd, of a potential 50% tariff on all imports from the European Union – originally set to take effect on June 1^st – it now appears the implementation has been postponed, Transport Topics reports. On May 25^th, President Trump stated that the tariff would be delayed until July 9^th, to allow additional time for negotiations.

As we’ve mentioned a couple of weeks ago, the U.S. and China reached a trade agreement, that paused tariffs for 90 days (till August 14^th), bringing them down from 145% to 30%. In addition to that, the President’s reciprocal tariff policy that was originally announced/implemented on April 2^nd, still remains paused until the end of July 9^th.

Capacity – CMA CGM plans to return to the Suez Canal with an India-Mediterranean service. As the Journal of Commerce reports, the first vessel is scheduled to depart Nhava Sheva on June 7^th and transit through the Suez Canal June 28^th. Followed by other vessels transiting the Suez Canal as well.