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.
Palau will host a WCO National Workshop in July 2025, aimed at strengthening tariff classification work and enhancing customs efficiency and international competitiveness. This event offers valuable experience and learning opportunities for customs officials and stakeholders, promoting the facilitation of global trade.
Facing frequently changing tariff policies, businesses urgently need efficient tools to address the challenges. AI tariff tracking tools have emerged, helping companies quickly grasp tariff information, optimize operational strategies, and enhance competitiveness through real-time monitoring, data integration, and intelligent decision support. This paper delves into the necessity, features, application cases, and future development trends of AI tariff tracking, providing a reference for businesses to make informed decisions in complex trade environments. It emphasizes the importance of leveraging AI for trade compliance and strategic advantage.
This guide explores how to effectively manage tariff risks using the International Commercial Terms (Incoterms® 2020). The article analyzes the significance of these rules amidst tariff fluctuations, clarifies the distribution of responsibilities under different terms, and offers practical advice on how to adapt to policy changes, aiming to help businesses optimize their cross-border transactions.
This article analyzes the tax rates, declaration elements, and regulatory requirements for the commodity code 1211209210 concerning other dried ginseng, guiding exporters and importers to conduct international transactions more efficiently.
Global container freight rates continue to decline, compounded by the risks of US tariff policies, posing significant challenges to Hong Kong's trade. This paper analyzes the impact of falling freight rates and tariff policies on Hong Kong's trade and proposes response strategies at the government, enterprise, and financial levels. These include strengthening international cooperation, diversifying market layout, optimizing supply chain management, maintaining financial stability, embracing technological innovation, and strengthening talent development. The aim is to help Hong Kong find new development opportunities amidst the challenges.
Bloomberg predicts the US trade deficit will hit a record high in May, with the total deficit for the first five months far exceeding levels during the pandemic. A surge in exports from several Asian countries to the US is potentially linked to the temporary expiration of US 'reciprocal tariffs.' Uncertainty surrounding tariff policies has led to a decline in foreign investment inflows into the US. Economists warn this could hinder economic growth. The US needs to carefully consider its tariff policies and strengthen international cooperation to mitigate potential negative consequences.
Maersk recently revealed that the average effective tariff in the U.S. currently stands at 21%, significantly down from 54% in April. The company anticipates that global trade and consumer confidence in the coming months will be influenced by a potential trade agreement expected to be reached by July 9. Clients across various industries are gradually reducing their dependence on China, demonstrating the flexibility of businesses to adapt to changes in international trade.
This article explores how to effectively utilize international trade terms (Incoterms® 2020) to manage tariff risks in international trade. It analyzes the allocation of responsibilities under various terms and provides practical recommendations to cope with tariff fluctuations, thereby enhancing the competitiveness of businesses in the global market.
The US is proposing a 25% tariff on imported trucks, aiming to boost domestic manufacturing. However, this move could lead to increased costs, impacting the logistics and transportation industry, and potentially triggering trade friction. Industry stakeholders have expressed concerns and are closely monitoring the policy's subsequent developments.
