Tariffs: The U.S. is extending its tariff deadline from July 9th to August 1st to give trade negotiations with other countries additional time, per an Executive Order. Meanwhile, the Trump Administration plans to send formal warnings to nations that haven’t reached a deal by July 9th, stating that higher tariffs will likely go into effect on August 1st, according to The Guardian.
Additionally, the U.S. has notified South Korea and Japan of a forthcoming 25% import tariff. Thailand and Cambodia will face a 36% rate, Bangladesh 25%, Indonesia 32%, Myanmar and Laos 40%, and Malaysia 25%. A number of other countries are also expected to be affected, with these tariffs likely taking effect on August 1st, according to a statement from President Trump on social media, as reported by CNBC.
Congestion: Ocean carriers have adjusted some service routes due to the ongoing congestion at certain European ports. Their goal is to bypass overloaded terminals and strained inland rail and barge networks.
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).
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.