$170 Billion in Tariff Refunds Now Available: U.S. Customs Opens IEEPA Duty Reclaim Process
U.S. importers may now be eligible to recover a portion of previously paid tariffs. On April 20, U.S. Customs and Border Protection (CBP) officially launched Phase 1 of the CAPE refund process following a Supreme Court ruling that certain tariffs collected between February 2025 and February 24, 2026 under the IEEPA framework were improperly imposed. […]
ONE Suspends GS2 Voyage to the Middle East: Cargo from Multiple China Ports Affected
Recent geopolitical tensions in Middle Eastern waters are now directly impacting container shipping routes from China to the Persian Gulf region. Ocean Network Express (ONE) has officially announced the termination of a scheduled GS2 service voyage, affecting cargo loaded at several major Chinese ports. This disruption may result in forced discharge at alternative ports and […]
Understanding Cargo Types in International Shipping: A Complete Guide for Importers and Exporters
In international trade and freight forwarding, correctly identifying cargo types is essential. Misclassification can lead to customs delays, shipment rejection, additional costs, or even legal risks. Beyond general cargo and sensitive goods, there are several commonly recognized cargo categories that every shipper should understand. 1. General Cargo General cargo refers to standard goods that do […]
U.S.–Iran Maritime Tensions Escalate: What It Means for Global Shipping and Freight Forwarding
On April 12 (local time), the United States Central Command (CENTCOM) announced that, under a presidential directive, it would begin implementing maritime restrictions on vessels entering and leaving Iranian ports starting at 10:00 AM (U.S. Eastern Time) on April 13. According to the statement, the measures would apply to all vessels operating to and from […]
Rising Tensions in the Middle East: Potential Impact on Global Shipping and Logistics
On April 15 (local time), Iran’s armed forces stated that if the United States continues to impose maritime restrictions that threaten the safety of Iranian commercial vessels and oil tankers, Iran may respond by restricting import and export activities across key regional waterways, including the Persian Gulf, the Gulf of Oman, and potentially beyond. Although […]
RMB Strengthens to a Three-Year High as US Dollar Weakens
On April 8, the onshore Chinese yuan (RMB) closed at 6.8274 against the US dollar, rising 323 basis points from the previous trading session. The offshore RMB briefly strengthened to 6.8215, both reaching their highest levels in nearly three years. Market participants attribute the rapid appreciation primarily to a broad-based decline in the US dollar […]
Complete Guide to Export Commodity Inspection (CIQ)
How to Quickly Determine Whether Your Goods Require Export Inspection When exporting goods from China, one of the most common compliance questions is: Do I need export commodity inspection? By understanding HS codes, the Dangerous Chemicals Catalogue, and classification reports, you can quickly determine inspection requirements and avoid customs clearance delays. Method 1: Check the […]
Report: Growing Use of Non-USD Settlement in Global Energy Trade
According to Yonhap News Agency, South Korea’s Ministry of Trade, Industry and Energy confirmed that it has verified with the United States government that there are no settlement or sanctions-related issues when importing petroleum products of Russian origin. South Korea may consider importing Russian naphtha in the future. Expansion of Non-USD Settlement Options The Ministry […]
Iran Conflict “Near Completion”: Trump Says U.S. No Longer Needs Middle East Oil
On the evening of April 1, U.S. President Donald Trump delivered a nationally televised address regarding the “epic retaliatory actions” against Iran, sending a dual signal that was both seemingly contradictory and highly impactful. At the start of his speech, Trump signaled to the American public that the conflict was approaching its end. He stated […]
Major Trade Update: US Cancels 170% Tariffs on Chinese Anode Materials
In a significant development for global battery and energy markets, the United States International Trade Commission (USITC) has ruled that imports of Chinese battery-grade graphite anode materials do not materially impede domestic production. As a result, the proposed anti-dumping and countervailing duties of up to 170% will not be imposed. Background: US “Double-Action” Tariff Investigation […]
