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Showing posts with the label Customs Brokers

China Hit A $1 Trillion Trade Surplus

China hit a $1 trillion trade surplus for the first time on December 8. Over the last 11 months of 2025, China’s surplus reached $1.08 trillion, beating 2024’s $992 billion amount. A trade surplus is the value of how much a country exports that exceeds its imports. In 2025, China’s exports rose to nearly $3.4 trillion while its imports declined to $2.3 trillion. Exports from China rose almost 5.9% year-over-year in November alone, while imports grew about 1.9%. The $1 trillion figure is also significant, given the ongoing  trade war between China and the US . With China exporting less cargo to the US, the resulting surplus could significantly impact international shipping. How Did China Hit A $1 Trillion Trade Surplus? When President Trump returned to office, the trade war between the US and China escalated. Tariffs imposed by both countries soon rose above 100%  until they reached a trade deal . The surplus stems from the actions China took following Trump’s 2024 election vic...

Supreme Court Will Hear Trump’s Tariff Case

  The Supreme Court will hear Trump’s tariff case after an announcement on Tuesday, September 9. In an order released by the court, it was announced that it will review two consolidated cases –  Learning Resources v. Trump  and Trump v. V.O.S  Selections. In Learning Resources v. Trump ,  two small businesses are challenging Trump’s tariffs imposed under the IEEPA as illegal. The belief is that the president cannot impose broad tariffs without definite congressional approval. In Trump V. V.O.S. Selections, the Trump Administration is asking for a review of a  ruling striking down the tariffs . The judges agreed to decide on the case in an expedited timeline, with oral arguments starting in November. The Supreme Court’s expedited schedule will include: Opening briefs due on September 19, 2025. Amicus briefs due on September 23, 2025. Response briefs due on October 20, 2025 Amicus briefs in support due on October 24, 2025. Reply briefs due on October 20, 2025...

US And EU Reached A Trade Deal

  n July 27, the US and EU reached a trade deal that may have avoided a potential transatlantic tariff war. In particular, the parties reached a framework for an arrangement that will set 15% on most EU (European Union) imports. The amount is down from the 30% tax that Trump threatened on EU goods earlier this month. Certain products, like pharmaceuticals, chemicals, and aircraft components, would not be impacted by the tariffs. The deal also includes the EU purchasing $750 billion in energy from the US and $600 billion in US investment. With the EU being one of the largest trading partners of the US, the agreement will significantly impact international shipping. How Did The Trade Deal Come To Be? The deal was made after a back-and-forth between the US and countries in the EU that lasted years . During Trump’s original presidency, he imposed a 25% tariff on steel and 10% on aluminum imports from the EU. The EU responded by enforcing levies on $3.2 billion worth of US goods. In Tru...

Trump Announced New Tariffs

  On Monday, July 7, President Trump announced new tariffs for imports into the US after signing an executive order. In identical letters sent to various countries, Trump revealed that reciprocal tariffs would have varying amounts from the original numbers.  The executive order will also extend the 90-day extension deadline from July 9 to August 1 . Some countries, like Japan and Malaysia, will see an increase in rates from 24% to 25%. Other countries will see a decrease, like Laos, from 48% to 40%, and others, like Thailand, will remain the same. This article will explain the goal behind the tariff changes and what it could mean for US imports. Why Trump Announced New Tariffs For Imports President Trump’s goal in extending the tariff deadline is to give trading partners time to negotiate deals. The new rates are to maintain negotiating leverage by pressuring importing countries to finalize talks. Multiple reasons have been given for issuing the reciprocal tariffs, including a...