Flexport’s Post

This week in global logistics: U.S.-China trade developments, new U.S. port fees on Chinese vessels and Chinese countermeasures on American vessels, strike-related disruptions on the FEWB and TAWB, and ongoing capacity constraints for ex-Asia air freight. 🇺🇸🇨🇳 U.S.-China Tariffs: President Trump announced a 100% tariff on China beginning November 1, pending confirmation via executive order or Federal Register notice. In a separate Truth Social post two days later, President Trump appeared to soften his stance on the matter. Meanwhile, Treasury Secretary Scott Bessent suggested the possibility of a tariff truce extension, largely dependent on whether China delays or removes export controls on rare earths.  ⚓ U.S.-China Vessel Fees: On October 14, the U.S. implemented port fees on Chinese vessels calling at U.S. ports. On the same day, China implemented countermeasures on American vessels calling at Chinese ports, with the retaliatory fees set to increase in line with the U.S.’s fee schedule. 🚨 New Duties in Effect: On October 14, a series of new duties took effect: 10% on softwood timber and lumber, 25% on upholstered furniture (except for a 15% cap on the EU and Japan and a 10% cap on the U.K.), and 25% on kitchen cabinets and bathroom vanities (except for a 15% cap on the EU and Japan and a 10% cap on the U.K.). 🚢 Ocean Freight Trends: • TPEB capacity holding at 60-70% through the end of October • Extended transit times and operational disruptions on the FEWB and TAWB due to recent strikes in Belgium and the Netherlands ✈️ Air Freight Trends: • Ongoing capacity constraints ex-East Asia and ex-Southeast Asia • A short-term surge in ex-China demand due to the proposed tariff increase on Chinese goods Read the full newsletter and subscribe for future updates: https://flx.to/101625-LI #supplychain #logistics #freightmarket #freightindustry #oceanfreight #oceancargo #oceanshipping #airfreight #aircargo #airshipping #trucking #intermodal #railfreight