Trade Lane Update

Trade Lane Update: Week of February 12th, 2025

— Tariffs: On February 10th, China implemented a 15% retaliatory tariff impacting U.S. coal and liquefied gas imports, along with a 10% tariff on crude oil, agricultural machinery and large-engine cars, per AP News. This comes after the U.S. enacted 10% additional tariffs on Chinese imports as of February 4th.

Over the weekend, President Trump announced his intent to impose more tariffs, this time a 25% tariff on ALL steel and aluminum imports. The in effect date for these is scheduled for March. However, this remains a fluid situation, and things may change.

— De Minimis: Last Wednesday the White House revised its recent executive order, which removed the duty exemption for de minimis shipments valued at $800 or less. This comes after the Trump administration eliminated the exemption for de minimis (on Tuesday Feb. 4th) per Freightwaves, which led the USPS to suspend all inbound package deliveries from China – though they reversed this decision the following day.

— CMA CGM has begun to roll out peak season surcharges on Northern Europe to U.S., Canada and Mexico trade lanes, effective March 1st – per a CMA CGM advisory. The surcharge rates look like they will be on the steeper side – if they stick. Please reach out to us at: support@interlogusa.com if you have any questions.

— Out in Europe some ports (Antwerp, Rotterdam, etc) have experienced congestion issues, which has led to a crunch in capacity.

 

— The FMC has finalized their review of the new ocean carrier partnership, Premier Alliance (formerly known as THE Alliance), and was officially in effect as of February 9th. 

— On February 25th, ILA union members will vote on the new tentative contract that was reached back in early January. The tentative contract includes a 62% pay raise over six years, among other details.

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