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2 weeks ago | 
globaltrademag.com | Tim Jay
In a bold move to counter growing Chinese influence in a critical global trade artery, the United States has announced a significant expansion of its security partnership with Panama, focused squarely on the Panama Canal. Read also: Do Viable Alternatives to the Panama Canal Exist?
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2 weeks ago | 
globaltrademag.com | Tim Jay
In a dramatic turn in global trade dynamics, U.S. President Donald Trump has announced a 90-day suspension of reciprocal tariffs on all countries—with one critical exception: China. Read also: China Raises Tariffs on U.S. Goods to 125%While the standard 10% tariff on imports from non-China countries remains in place, the tariff rate on Chinese goods has been escalated to a striking 125%, signaling a sharp intensification in U.S.-China trade tensions.
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2 weeks ago | 
globaltrademag.com | Tim Jay
The global shipping industry is on the brink of a historic transformation as the United Nations’ International Maritime Organization (IMO) holds pivotal talks this week in London to hammer out binding regulations aimed at cutting the sector’s climate impact.
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3 weeks ago | 
globaltrademag.com | Tim Jay
Transportation stocks have faced a significant downturn following the Trump administration’s announcement of widespread tariffs. According to a recent report, less-than-truckload (LTL) stocks were hit the hardest, plummeting 18% over a two-day period and down 33% year-to-date. Old Dominion Freight Lines (NASDAQ: ODFL) managed to perform better than its peers, minimizing the overall impact on the sector due to its substantial market cap representation.
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3 weeks ago | 
globaltrademag.com | Tim Jay
Magaya Corporation, a leading provider of freight management solutions for logistics professionals, has introduced new product features aimed at helping customs brokers and importers navigate the rapidly changing landscape of trade regulations and tariffs.
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3 weeks ago | 
globaltrademag.com | Tim Jay
The Maersk family has launched a bid to regain full control of Svitzer Group A/S, offering 9 billion kroner ($1.3 billion) to acquire the 53% of the company it does not already own. The offer, made through APMH Invest A/S, the family’s investment arm, is an all-cash deal valuing Svitzer at 285 kroner per share—marking a 32% premium over Tuesday’s closing price.
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3 weeks ago | 
globaltrademag.com | Tim Jay
(April 2, 2025) The Supply Chain Federation, a leading united voice working collectively to create a strong and resilient supply chain, today released the following statement regarding reciprocal tariffs: Read also: Navigating Tariff Uncertainty: How Supply Chain Managers Can Adapt and Thrive “The global supply chain is highly complex, and we believe any changes to trade policy must include those involved in the supply chain to ensure there are no unintended disruptions or limitation on the...
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3 weeks ago | 
globaltrademag.com | Tim Jay
Japan’s largest shipping company, Nippon Yusen (NYK), is raising concerns over the potential fallout from new U.S. tariffs, warning that increased costs on automobiles and consumer goods could weaken demand and slow global cargo movements.
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3 weeks ago | 
globaltrademag.com | Tim Jay
Corote Sabores, Cachaça 61 Sixtyone, and Corote Vodka will initially be exported to two U.S. states: Florida and TexasMissiato Indústria e Comércio Ltda., based in Santa Rita do Passa Quatro (SP), Brazil, and a benchmark in the alcoholic beverage sector, is taking a new step in its international expansion strategy by starting exports of its brands to the United States, the first North American country to import its products.
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3 weeks ago | 
globaltrademag.com | Tim Jay
SeaCube Containers, a global leader in refrigerated intermodal leasing, has launched SeaCube Cold Solutions, a portable cold storage service designed to meet the growing demand for temperature-controlled storage in the food industry. With the largest fleet of refrigerated containers in the sector and the only nationwide network, the service offers businesses flexible rental and purchase options to ensure scalability and cost-efficiency.
