Tariffs: The U.S. is extending its tariff deadline from July 9th to August 1st to allow more time for trade negotiations with other countries (who have yet to make deals), per an Executive Order. The Administration has continued to send out formal letters to nations that have not yet made a deal and noted that higher tariffs could be imposed and go into effect on August 1st, as The Guardian reports.
The Administration so far has made deals with the United Kingdom and Vietnam, with a “framework” agreement with China.
Vietnam: The U.S. will impose a 20% tariff on imports from Vietnam and a 40% tariff on transshipped goods, according to Supply Chain Dive. Details on the transshipment provision have not yet been released. In contrast, Vietnam will not impose tariffs on U.S. goods.
United Kingdom: Under the new agreement, the U.S. will apply a 10% tariff on up to 100,000 U.K.-made vehicles annually. Imports exceeding that cap will face a 25% tariff, per Executive Order. Tariffs on U.K.-manufactured auto parts used in vehicles will also be lowered from 25% to 10%.
China: In mid-June, the U.S. and China reached a “framework” for a trade deal, pending approval from both governments. As outlined by the President on social media and reported by Supply Chain Dive, the agreement includes a 55% tariff on Chinese imports and a 10% tariff on U.S. exports to China.
Air Cargo: Carriers have had to adjust/redeploy capacity on different routes due to the uncertainty surrounding the tariffs and removal of the de minimis exemption, according to the International Air Transport Association (IATA).
Additionally, air cargo shipments from Vietnam to the U.S. continue to climb as rising tariffs on China drive a shift in sourcing strategies.
Schedule Reliability: During May 2025, global schedule reliability saw a 7.4% improvement month-over-month, at 65.8%, per Sea-Intelligence data. Interestingly enough, as they note, this is the highest recorded since November 2023. On a year-over-year basis, schedule reliability was up 10%, per their data.