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How American Sanctions May Affect the Global Shipping Industry

  • Categories:Industry News
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  • Time of issue:2025-03-13 14:33
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(Summary description)President Donald Trump has already made plenty of headlines since taking up his second term in the White House, including with the announcement of numerous new tariffs on imports.

How American Sanctions May Affect the Global Shipping Industry

(Summary description)President Donald Trump has already made plenty of headlines since taking up his second term in the White House, including with the announcement of numerous new tariffs on imports.

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2025-03-13 14:33
  • Views:
Information

President Donald Trump has already made plenty of headlines since taking up his second term in the White House, including with the announcement of numerous new tariffs on imports.

The 47th United States President issued three executive orders on Feb. 1, 2025, just days after his inauguration, which directed the US to impose an additional 25% ad valorem rate of duty on imports from Canada and Mexico, as well as 10% on imports from China.

 


Excluding Canadian energy resources exports – which instead will be hit with a 10% tariff – the tariffs have been applied to all imports which are either entered for consumption or withdrawn from warehouse for consumption on or after 12:01am Eastern Standard Time on Feb. 4, 2025.



President Trump also told reporters on Feb. 8, 2025 that a 25% tariff on all American steel and aluminum imports was coming into effect across the US during February.



Leading 40ft shipping container supplier Cleveland Containers has analyzed the early reactions to these announcements and how President Trump’s second term as US president could affect the world’s shipping industry, especially when looking back at his first term…

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