Trump’s Tariffs: Tracking the Status of International Trade Actions
According to Supply Chain Dive, U.S. trade policy under President Trump is shifting rapidly, with new tariffs, executive orders, and trade reviews adding complexity and uncertainty for global businesses. Since the rollout of reciprocal tariffs on April 2, duties on China and other nations have been suspended or delayed, often with little notice. The constantly changing landscape has left many companies scrambling to adapt. To help navigate this environment, Supply Chain Dive provides an up-to-date, searchable tracker that outlines the current status of U.S. tariff actions and international responses across various sectors and countries.
New Mideast tensions fail to boost trans-Pacific container rates
According to a recent report by FreightWaves, global shipping and energy markets faced volatility last week amid escalating tensions between Israel and Iran, but a tentative U.S.-Iran ceasefire has eased fears of major disruptions, including the closure of the Strait of Hormuz. Despite missile strikes, tanker traffic and port operations in the region remained stable. Focus is now returning to U.S. trade policy, with looming tariff expirations and limited progress in negotiations with key partners. Container shipping spot rates, which spiked after the May 12 tariff pause, are now declining—especially on trans-Pacific routes—as demand stabilizes and carriers adjust capacity.
Quick-hit, tariff-driven import surge on tap for US West Coast ports
According to an article in the Journal of Commerce, U.S. West Coast ports anticipate a short-lived surge in cargo imports as shippers accelerate deliveries ahead of the expiration of tariff relief measures in July and August. The ports of Los Angeles and Long Beach project their strongest import volumes since early 2025, providing a temporary boost after a sluggish May. While congestion is unlikely, the surge could briefly stabilize declining trans-Pacific spot rates, suggesting that the peak shipping season may be arriving earlier than usual.
Are we entering a ‘golden age’ for major ocean carriers?
According to the Journal of Commerce, container shipping has evolved from historically poor returns to an era where major carriers are now consistently profitable, with several valued over $10 billion. Industry consolidation, vertical integration, and fleet control have created powerful barriers to entry and bolstered returns for the largest players. However, challenges remain — including volatile demand, overcapacity risks, potential new entrants, and environmental regulations. While the global giants may continue earning above historical averages, the industry is still navigating uncertainty. It's not a golden age yet, but a clear departure from the “dark ages” of container shipping profitability.
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New Freightos index: Israel-Iran conflict yet to hit shipping
According to FreightWaves, while the Israel-Iran conflict has yet to significantly disrupt freight markets, concerns remain high over a potential closure of the Strait of Hormuz—a vital artery for 20% of global oil exports. Freightos’ Judah Levine warns that even a temporary disruption could reroute shipping, impact Dubai’s Port of Jebel Ali, and cause congestion and rate spikes across South Asia. Despite current stability in oil supply, diesel prices and container shipping rates are already showing volatility. On the trans-Pacific route, rates briefly surged amid trade tensions and tariff uncertainty, but early frontloading may now soften demand, even as ocean carriers implement new peak-season surcharges.
