A1 Worldwide Logistics - International Shipping Company

  An executive order signed by President Trump on July 31 has resulted in country-specific tariffs starting today. Along with a 10% baseline tax on all importing countries, over 70 trading partners will have their tariffs. Initially announced by Trump as “ Liberation Day ,” starting in April, the tariffs were paused until July 7. The president then signed an executive order to extend the date to August 1 and announced new amounts. On July 31, he signed an order to begin enforcing the tariffs in a week to allow for rate harmonization. With the amount of cargo that shippers import into the US internationally, this will significantly impact international shipping. Why Is Trump Imposing Reciprocal Tariffs? Various reasons have been behind Trump’s tariffs, including lessening trade imbalances and addressing unfair trade practices. Trump plans to “level the field” by reducing the trade deficit with the US’s largest trading partners. He argues that other countries impose higher tariffs on...

  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...