Day: March 4, 2025

The U.S. has imposed tariffs of 25% on all goods from Mexico and Canada starting March 4, 2025. The measure comes following a one-month delay during which negotiations with the two countries took place. Additionally, duties on Chinese goods have also doubled, increasing from 10% to 20% Canada immediately implemented a 25% tariff on U.S. imports worth

Panelists at the Journal of Commerce’s TPM25 conference indicated that the container market is facing a downturn in 2025, warning that it could be worse than previous declines. Parash Jain, the global head of Transport and Logistics Research at HSBC, stated that the market’s decline is already underway and identified several key variables driving this