Questions about Tariffs?
Feeling unsure about how tariffs might affect your goods? Whether you’re exploring exemption options or just need a clearer picture, we’re here to help. Send us an email at [email protected]
Tariffs:
The 25% tariff (Section 232) that has been imposed on imported automobiles, auto parts, and articles/derivatives of steel and aluminum will still remain, but those will not be subject to the reciprocal tariffs, per a presidential Executive Order. The Trump Administration also has said reimbursements will be provided to automakers who have already paid the double tariffs, as CBS News reports.
The initial 25% tariffs on autos/auto parts, imported steel and aluminum took effect on March 12th. Certain exclusions apply, including imports that comply with the USMCA.
Port Congestion: In past weeks/months some ports in North Europe have been dealing with some congestion, and some people close to the situation expect that to continue this summer. Some of the factors for this congestion is schedule reliability, new phases of carrier alliance networks, and more.
Air cargo:
According to the International Air Transport Association (IATA), global air cargo volumes grew by 4.4% year-over-year in March. Several factors may have contributed to this increase, including the typical rebound following a slower February, a year-over-year decline in jet fuel prices, and ongoing uncertainty surrounding tariffs.