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.
SEPTEMBER 2026
The U.S. import peak season is extending later than initially expected, with elevated container volumes continuing into October. Weather disruptions in Asia, low water levels across major trade corridors, and shifting vessel schedules have pushed some cargo later into the season, while low water levels have also limited the amount vessels and barges can carry. These challenges are keeping pressure on ports, warehouse capacity, and inland transportation networks, with some volume potentially shifting to rail and trucking. Strong demand, combined with ongoing capacity and routing challenges, is also keeping transpacific container rates elevated at more than four times their late-February levels as the industry moves toward the fourth quarter and holiday shipping season.
New Section 232 tariffs on pharmaceuticals are set to expand September 29, when additional companies become subject to the measures announced earlier this year. Covered patented pharmaceuticals and associated pharmaceutical ingredients will generally face an additional 100% tariff, while companies with approved U.S. onshoring plans may qualify for a reduced 20% rate. Different rates also apply to certain countries with trade agreements, while generic pharmaceuticals, biosimilars, and their associated ingredients remain exempt from the Section 232 tariffs at this time. Importers should review product classifications, country of origin, manufacturer eligibility, and applicable exemptions as the September 29 implementation date approaches.
Section 301 activity also remains under watch. USTR held a public hearing September 22 as part of its investigation into Germany’s policies and practices related to the pricing of innovative pharmaceutical products. Meanwhile, broader Section 301 investigations into structural excess manufacturing capacity across China, the EU, Japan, Korea, Vietnam, Mexico, India, and several other economies remain ongoing, with the trade community awaiting further action from USTR.
Ocean carriers are introducing general rate increases and peak season surcharges on Europe–U.S. services beginning October 1, reflecting tighter market conditions and anticipated seasonal demand. Impacts will vary by lane pair and carrier, and advanced booking is recommended to secure equipment and space.
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