Tariff Talk Thursday is Back!
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Tariff Talk Thursday is Back!
Visit our Events page for details or register here.
JANUARY 2025
As January comes to a close, we reflect on a month of significant developments in the logistics industry. The ILA and USMX reached a tentative six-year agreement, averting a potential East Coast and Gulf Coast port strike and providing stability for the maritime sector. With this agreement in place, attention now turns to upcoming challenges, including global trade policies and ocean carrier rate negotiations. Meanwhile, Lunar New Year celebrations are underway, with China’s public holiday continuing through February 4 and marking the beginning of the Year of the Snake—a symbol often associated with adaptability and transformation. As we move forward, OCEANAIR remains committed to keeping our partners informed on the ever-evolving market landscape.
We are in a holding pattern as the government transitions, with new leadership shaping trade policy. The major focus remains on tariffs, with February 1 and April 1 standing as the key dates currently on the radar.
Summarizing this month’s developments, the Bureau of Industry and Security (BIS) expanded the Entity List and tightened export controls on advanced computing semiconductors. Meanwhile, the Department of Homeland Security (DHS) continued expanding the Uyghur Forced Labor Prevention Act (UFLPA) Entity List, further restricting imports tied to entities associated with forced labor concerns in China.
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