The United States has announced steep new tariffs on exports from dozens of trade partners that have not secured trade agreements ahead of an early August deadline, adding fresh pressure to global markets and supply chains. Roughly 40 countries with which the U.S. runs a trade deficit will face a minimum import duty of 15%, […]
Latin America is increasingly being recognized as a region with strong potential for global trade expansion in the second half of 2025 and beyond, driven by economic resilience, surging foreign investment, and a growing role in the global shift toward sustainable energy. Despite ongoing global uncertainty, key Latin American economies continue to outperform forecasts. Recent […]
The United States will impose a new 25% tariff on imports from India beginning at 12:01 a.m. ET on August 27, under an Executive Order issued this morning. The move comes in response to India’s continued purchase of Russian oil, which U.S. trade officials say undermines current international efforts to isolate Russia economically. This new […]
In a move that reshapes global coffee trade dynamics, China has officially approved 183 Brazilian coffee companies to export directly into its market, with permits valid for five years. The announcement, made by the Chinese customs authority, comes just days after new U.S. tariffs on Brazilian coffee and other key commodities were set to take […]
The trucking and logistics sectors are responding swiftly to a sweeping set of tariff increases announced just days before a major trade deadline. While many of the newly imposed rates won’t take effect until August 7, the announcement triggered immediate reaction across the supply chain as importers, shippers, and carriers work to assess risk and […]
Recognizing the rapid and unexpected increase in duties, customs brokers and warehouse proprietors increasingly are encountering situations of unclaimed, rejected, and abandoned cargo. In response, the NCBFAA Customs Committee, Transportation Committee, Committee Counsel, and Leadership have collaboratively developed a guidance document to assist NCBFAA Regular Members to address the recurring questions regarding this cargo and […]
As new rounds of tariffs take effect across hundreds of goods, small business owners, importers, and logistics professionals are voicing growing concern over the ripple effects on prices, production, and supply chain operations. Recent policies have imposed tariffs on products from over 90 countries, as well as on critical inputs like steel, aluminum, copper, and […]
White House Plans 25% Tariff for India Product Imports Aug. 1 President Trump in a social media post today said his administration plans to impose a 25% tariff on products imported into the U.S. from India, starting Aug. 1. “Remember, while India is our friend, we have, over the years, done relatively little business with […]
The European Commission on July 29 released a document, “EU-US trade deal explained,” which NCBFAA believes would be of valuable to our members. Some of the key highlights from this document include the following commitments from both the EU and U.S.: · Establishing a single, all-inclusive U.S. tariff ceiling of 15% for EU goods. As […]
President Trump signed an Executive Order this afternoon that effectively ends the de minimis exemption for commercial shipments, effective Aug. 29. Thus, “imported goods sent through means other than the international postal network that are valued at or under $800 and that would otherwise qualify for the de minimis exemption will be subject to all […]
