Brendan Murray

London

Trade tsar, @business. StL Cards fan now in Arsenal country. RT not endorsements, opinions mine. Bloomberg's Supply Lines newsletter signup: https://t.co/DgTZqT9nVH

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Articles

What’s the De Minimis Tariff Loophole Trump Closed?: QuickTake

1 week ago | news.bloomberglaw.com | Brendan Murray |Samson Ellis

A Latin term that used to be little-known outside the world of customs brokers has become the stuff of headlines. That’s thanks to a decision by US President Donald Trump to close a tariff loophole for “de minimis” merchandise from mainland China and Hong Kong from May 2. The phrase — which loosely translates as “too small to matter” — refers to small packages that are shipped directly to consumers from abroad, usually bypassing warehouses and distribution hubs.
What’s the De Minimis Tariff Loophole That Trump Has Closed?

1 week ago | bloomberg.com | Brendan Murray |Samson Ellis

Logos for PDD Holdings Inc.’s Temu, top, and Shein on smartphones in Shanghai, China, on Feb. 3, 2025. (Bloomberg) -- A Latin term that used to be little-known outside the world of customs brokers has become the stuff of headlines. That’s thanks to a decision by US President Donald Trump to close a tariff loophole for “de minimis” merchandise from mainland China and Hong Kong from May 2.
Europe to Test Trump’s Bandwidth for Tariff Talks: Supply Lines

1 week ago | news.bloombergtax.com | Brendan Murray

With just over 60 days to go until President Donald Trump’s reciprocal tariffs are set to snap into force, the race to do trade deals with the US is expanding beyond a few export powers in Asia. Next week, the European Union is planning to share a paper with the US that will set out a package of proposals to kick-start trade negotiations with Washington, our Bloomberg colleagues in Brussels and London reported late Wednesday.
Europe Is Set to Test Trump’s Bandwidth to Discuss Trade

1 week ago | bloomberg.com | Brendan Murray

With just over 60 days to go until President Donald Trump’s reciprocal tariffs are set to snap into force, the race to do trade deals with the US is expanding beyond a few export powers in Asia. Next week, the European Union is planning to share a paper with the US that will set out a package of proposals to kick-start trade negotiations with Washington, our Bloomberg colleagues in Brussels and London reported late Wednesday.
The Chinese Invention That Holds Lessons for Trump: Supply Lines

2 weeks ago | news.bloombergtax.com | Brendan Murray

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
How the Common Wheelbarrow Holds Lessons for Trump’s Tariff Wars

2 weeks ago | bloomberg.com | Brendan Murray

The earliest historical evidence of wheelbarrows appeared in China about 2,000 years ago, a historian explains on YouTube, and it took another 12 centuries before these single-wheeled pushcarts arrived in Europe. Yet there’s a more recent story about wheelbarrows that holds lessons on current economic affairs — specifically, the US’s trade war against China and the rest of the world.
LA Port Chief’s ‘Bleak’ Outlook for Cargo Slowdown: Supply Lines

2 weeks ago | news.bloombergtax.com | Augusta Saraiva |Brendan Murray

Remember the trade disruptions from the pandemic? All those supply-and-demand imbalances that bedeviled ports in Southern California? Something similar could soon return. That’s because President Donald Trump’s 145% tariffs on Chinese imports have led to a sharp drop in US-bound cargo. There are currently about 40 cargo ships sailing across the Pacific from China, down by roughly 40% from early April, a Bloomberg analysis found.
What’s the De Minimis Tariff Loophole Trump Is Closing?

2 weeks ago | bloomberg.com | Brendan Murray |Samson Ellis

Logos for PDD Holdings Inc.’s Temu, top, and Shein on smartphones in Shanghai, China, on Feb. 3, 2025. (Bloomberg) -- A Latin term that used to be little-known outside the world of customs brokers has become the stuff of headlines. That’s thanks to a decision by US President Donald Trump to close a tariff loophole for “de minimis” merchandise from mainland China and Hong Kong starting May 2.
What’s the De Minimis Tariff Loophole Trump Closed?: QuickTake

2 weeks ago | news.bloomberglaw.com | Brendan Murray |Samson Ellis

A Latin term that used to be little-known outside the world of customs brokers has become the stuff of headlines. That’s thanks to a decision by US President Donald Trump to close a tariff loophole for “de minimis” merchandise from mainland China and Hong Kong starting May 2. The phrase — which loosely translates as “too small to matter” — refers to small packages that are shipped directly to consumers from abroad, usually bypassing warehouses and distribution hubs.
Beige Book Flashes Warning on Who Pays for Tariffs: Supply Lines

2 weeks ago | news.bloomberglaw.com | Brendan Murray

Not since US President Donald Trump’s first term have American businesses been this vocal about the impact of higher tariffs. In fact, they have more than twice as much to say as they did during the US-China trade war of 2018-19. That’s one way to read the Federal Reserve’s latest Beige Book, a periodic survey that the central bank’s 12 districts conduct to take the pulse of the national economy.