The Munich Transport Logistics Exhibition made a successful return, attracting a record number of attendees. The event discussed the profound impact of infrastructure and tariff policies on trade, emphasizing the future potential of the logistics industry under the dual goals of technological innovation and sustainability, and how to strike a balance amid these transformations.
The new tariff policy has led to a rapid reduction in maritime capacity, resulting in tense supply chains and increased inventory risks. Especially during the holiday shopping season, products reliant on Chinese manufacturing are expected to face significant shortages and rising prices.
This article discusses the customs HS codes and tariff information for marble in international trade. According to the Customs Import and Export Tariff, marble is primarily classified under item 68.02, which includes several subcodes, each with different tariff rates. Understanding the correct code and rates is crucial for customs declaration of marble, involving various aspects such as intended use and degree of processing.
The United States and the European Union have reached an important trade agreement, imposing a 15% tariff on EU goods entering the U.S. The EU has committed to purchasing $750 billion in U.S. energy and increasing its investments by $600 billion. Trump emphasized that this agreement will boost the development of the U.S. automotive and agricultural sectors. While the EU considers this the best possible outcome, public opinion has raised concerns about its implications.
On July 9, Trump reiterated the threat of increased tariffs, while Treasury Secretary Becerra noted that some countries might reach agreements, but not all parties would meet deadlines. The U.S. Secretary of Commerce stated that an agreement with ten major trading partners is forthcoming, increasing pressure on national survival. Cargo owners and freight forwarders must closely monitor policy changes to mitigate potential risks.
The China-US tariff truce agreement lasting 90 days may stimulate demand in the international shipping market, with projections indicating that US imports could exceed the peak levels seen during the pandemic within the next three months. An increase in shipping rates is becoming a trend, but industry insiders remain cautious about the specific trajectory of freight prices. Major shipping companies are actively preparing for the challenges and opportunities that lie ahead in the market.
Small U.S. importers are struggling due to constantly changing tariff policies, forcing them to adjust procurement strategies or abandon markets. The key to overcoming this challenge lies in flexible supply chain management and risk assessment, enabling businesses to remain competitive in an uncertain trade environment.
In response to market turbulence caused by high tariffs imposed by the U.S., J.B. Hunt Transport and Knight-Swift Transportation are flexibly reallocating resources and optimizing their networks to enhance transportation efficiency. They aim to strengthen collaborations with customers through new operational strategies to adapt to the changing demands.
The multipurpose vessel transportation industry adopts a 'strategic non-action' approach amid tariff uncertainty. Companies monitor market changes while cautiously delaying decisions to manage potential risks and maintain competitiveness. Effective information sharing and communication are crucial factors when navigating an unstable environment.
This article discusses how companies can enhance financial resilience and operational efficiency through effective warehousing strategies in the face of tariff and trade policy changes. By employing flexible transshipment strategies, multi-channel inventory management, bonded warehouse solutions, and strategic site selection, businesses can adapt to the evolving landscape of international trade.
