Shippers 'Hit the Brakes' as Tariff Fears Trigger Booking Slump

Shippers 'Hit the Brakes' as Tariff Fears Trigger Booking Slump

U.S. imports fell by 64% between March 31 and April 8, while U.S. exports dipped by 30%, driven in large part by the fallout from sweeping tariffs announced by Trump.

UPS & FedEx Institute China To US Surcharges Ahead Of Tariff Deadline

FedEx and UPS are reinstating China to US surcharges as deadlines approach for tariff and de minimis changes. In the past, many cross-border shippers leaned on the de minimis exemption, which enables shipments less than $800 to enter the U.S. duty free, to avoid tariffs - but that exemption will no longer apply to products from China and Hong Kong starting May 2, with other countries to follow once systems are in place to collect duty revenue.Tr…

FedEx, UPS Reintroduce Surcharges On Chinese Imports Ahead Of U.S. Tariff Shift

FedEx and UPS are once again imposing surcharges on shipments from China, Hong Kong, and neighboring regions as the U.S. prepares to end duty-free treatment for small-value imports.