Competitive Edge
April 2nd, 2025
Stay Current with InterlogUSA
Market Update
Tariffs:
Automobiles/Auto Parts:
— An Executive Order was issued by President Trump, imposing a 25% tariff on various automobiles and auto parts. This tariff is in addition to any existing duties, fees, or charges. For autos entering the U.S. or withdrawn from warehouses for consumption, they will become effective on April 3rd at 12:01am EDT. There is not yet a determined effective date for auto parts, but the Executive Order states it will be no later than May 3rd.
Furthermore, according to an NBC News report, automobiles imported under the USMCA and deemed compliant will remain tariff-free until the government establishes a formal process for applying the 25% tariff.
New tariffs on steel and aluminum have gone into effect as of March 12th at 12:01am EDT. Additionally, on the cross-border side of things… the Canada/Mexico tariffs (under USMCA compliance) have been since paused until April 2nd, per Presidential Executive Order.
Later this afternoon, President Trump is expected to lay out details of new tariffs that are expected to be rolled out.
Schedule Reliability:
— Global schedule reliability in February was 54.9% – a 1.8% increase year-over-year and a 3.6% increase month-over-month, per Sea-Intelligence.
Port volumes:
— Port Houston: Total tonnage at the port’s terminal in February decreased 5% year-over-year, per the port’s press release. However, general cargo is up 9% year-over-year. The port attributes weather as a key impact to these numbers.
Port of Corpus Christi: moved 16.7 million tons of cargo in February – a 6% year-over-year increase, per Freightwaves reporting. The port also had a big month for crude oil, per Freightwaves, they handled 10.4 million total tons – a 12% increase year-over-year.
European Union’s Import Control System 2 (ICS2) Release 3
The European Union’s enhanced customs security system, ICS2, aims to strengthen border protection by collecting shipment information for goods arriving in or transiting through the region.
ICS2 Release 3 brings new filing requirements, including the compulsory submission of house-level Entry Summary Declaration (ENS) data for incoming shipments. As Maersk states is a customer advisory, starting April 1st, ICS2 enters its mandatory phase, applying to all vessels departing from designated compliance load ports. This phase will necessitate additional declarations, specifically covering House, Buyer, and Seller details.
Additionally, per Maersk, this layered filing is necessary only when the place of delivery of the cargo is a European Union country. It is not required for the transshipments or freight remaining onboard when the destination is a non-EU country.
Did You Know? With Johnny Cargo!
What do you think the answer is?
InterlogUSA’s chat bot Johnny Cargo sure is an inquisitive soul. However, he doesn’t just ask about industry-related trivia. Johnny also loves to ask supply chain professionals about their shipping arrangements and which areas can benefit from InterlogUSA’s assistance as an end-to-end freight forwarder.
He works around the clock and is always available for conversation.
Bond Renewal? What You Need to Know
Customs bonds are one of many costs associated with international shipping. Dealing with bond renewals each year can become aggravating.
But, the last thing you want to deal with is your shipments being stuck at customs because you forgot to renew your bond.
If you would like to have a conversation about this further, contact us via email at: support@interlogusa.com or reply off this email and we’d be happy to talk further!
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