U.S. Imposes 50% Tariff on Steel-Based Household Appliances Starting June 23
On June 12 (local time), the U.S. Department of Commerce announced a significant tariff increase on various steel-derived household appliances, including dishwashers, washing machines, and refrigerators. A 50% tariff will be imposed on these steel-based products, effective June 23, 2025. This move follows a statement made by former President Donald Trump during a rally in […]
How the 145% Tariff Shock is Shaking U.S. Ports and Businesses
Introduction: The U.S. government’s aggressive tariff policies continue to ripple through the economy, with the first shipment of goods subject to a 145% tariff now arriving in American ports. The impact is being felt across key ports, with a notable slowdown in cargo activity, rising unemployment concerns, and escalating consumer prices. U.S. Ports Witness a […]
