In a recent decision, the U.S. Court of International Trade determined that former President Trump overstepped legal boundaries when implementing certain import tariffs. Although the ruling challenges the legitimacy of those tariffs, they will remain in effect for now—a temporary stay was granted as the Trump administration appeals the decision. Court proceedings are scheduled to begin July 31.

Meanwhile, as of June 4, the U.S. has doubled tariffs on steel and aluminum imports from 25% to 50% through an Executive Order. However, the United Kingdom has secured a temporary exemption from the added 25%. On June 16, the U.S. and U.K. announced a trade agreement allowing a capped volume of British steel to enter the U.S. market free of the original 25% duty—part of a broader effort to strengthen economic ties. Full details are available in the White House Executive Order.

Demand –

Import container bookings have increased after a decline, triggered by the significant tariffs on Chinese goods back in April, according to the Import Oceans TEUs Index (IOTI).