Tariff Talk Thursday is Back!
Visit our Events page for details or register here.
Tariff Talk Thursday is Back!
Visit our Events page for details or register here.
JANUARY 16, 2025
With the tentative six-year agreement reached last week between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX), the logistics industry has successfully avoided the first major hurdle of 2025: a potential East and Gulf Coast port strike. This resolution allows us to shift our focus to the next significant challenge on the horizon—potential tariff increases and the risk of escalating trade tensions.
President-elect Donald Trump will be inaugurated next week, and one of his stated priorities is implementing tariff increases on imported goods. While there are varying reports on the specifics, proposals have included a broad tariff on imports, as well as higher tariffs targeting specific countries, including Mexico, Canada, and China. Unfortunately, the exact details and timeline for these changes remain uncertain until the new administration takes office.
Stay informed by following the OCEANAIR Current and our social media channels, where we will share updates and insights as new developments unfold.
In its ongoing efforts to address national security risks related to China, the Bureau of Industry and Security (BIS) added 11 entities from the People’s Republic of China (PRC) to the Entity List. Ten were added for advancing China’s military modernization through the development and integration of advanced artificial intelligence research, while one was added for its involvement in developing lithography technology for advanced-node fabrication facilities in China.
In a separate action, BIS updated export controls on advanced computing semiconductors and added 16 entities from the PRC and Singapore to the Entity List. The updated controls are intended to strengthen safeguards surrounding advanced semiconductor technology and prevent diversion to restricted entities.
Shifting focus to combating forced labor, the Department of Homeland Security (DHS) added 37 Chinese entities to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List due to concerns surrounding forced labor in the Xinjiang Uyghur Autonomous Region (XUAR). In a statement, Secretary of Homeland Security Alejandro Mayorkas emphasized, “By adding 37 companies to the UFLPA Entities List, bringing the total to nearly 150, we reaffirm our relentless fight against forced labor, our unwavering commitment to basic human rights, and our defense of a free, fair, and competitive market.”
Stay connected with the latest from OCEANAIR. Sign up for our newsletter to receive The OCEANAIR Current, The Monthly Horizon, and OCEANAIR Tariff Talk — delivered straight to your inbox.
