by Scott Frederick | Feb 11, 2025 | Global Logistics Alerts
Trump Imposes Global 25% Steel, Aluminum Tariffs
President Trump on Monday announced 25% tariffs on imports of steel and aluminum to the U.S., reinstating global duties without exceptions for allies such as Canada, Mexico, Japan and South Korea that were relaxed by the Biden administration. “It’s a big deal. This is the beginning of making America rich again,” Trump said in the Oval Office, as he signed dual executive orders for steel and aluminum tariffs. “No exceptions, no nothing,” Trump added. A White House official said the tariffs would take effect March 4.
Read more at:
https://www.wsj.com/economy/trade/trump-imposes-global-25-steel-aluminum-tariffs-49df0110
https://www.reuters.com/markets/asian-eu-steelmakers-shares-fall-after-trump-escalates-tariffs-2025-02-10/
by Scott Frederick | Feb 10, 2025 | Global Logistics Alerts
Trump to announce 25% steel and aluminum tariffs in latest trade escalation
President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul.
Read more at:
https://www.reuters.com/markets/commodities/trump-says-he-will-announce-25-steel-aluminum-tariffs-monday-2025-02-09/
by Scott Frederick | Feb 7, 2025 | Global Logistics Alerts
Trump suspends tariffs on small packages from China
On February 7, 2025, the White House announced, by Executive Order, the delay of the additional 10 percent tariff on de minimis, low-value goods under $800 from China and Hong Kong until “adequate systems are in place to fully and expediently process and collect tariff revenue” for de minimis shipments.
Read more at:
https://www.bbc.com/news/articles/c5y7edy35pvo
by Scott Frederick | Feb 7, 2025 | News
“The heavy industrial sector is thriving, and there is robust demand for logistics services, especially in supporting large-scale infrastructure projects, energy, and heavy industry,” says Bahadir Erdil, global projects director and Turkey managing director for Logistics Plus. Bahadir was interviewed for the latest Turkey Country Report in the January/February 2025 edition of Heavy Lift & Project Forwarding International magazine. Bahadir says Turkey is making impressive strides in several energy sectors. “The first nuclear power plant is nearing completion, and tenders for the second and third plants are expected soon. In addition to this, there has been steady investment in geothermal, wind, and solar energy, not only for domestic projects but also for exports.”
Read the full online article at https://edition.pagesuite-professional.co.uk/html5/reader/production/default.aspx?pnum=69&edid=26b16fe2-2c9a-474c-9564-f6f91ff7f616&isshared=true or click the image below.
The following Logistics Plus advertisement also appears on page 72 of the magazine.
by Scott Frederick | Feb 6, 2025 | News
Attention all Logistics Plus customers and eShipPlus™ users:
Thursday, January 30, 2025, the National Motor Freight Traffic Association, Inc. (NMFTA)™ announced the release of Docket 2025-1 which includes significant changes to the National Motor Freight Classification (NMFC®) system used by those who ship less-than-truckload (LTL) freight. Approximately 2,500 commodity groups will move to a new, 13-subprovision density scale.
Incorrectly classifying freight with incorrect NMFC classification codes can result in higher costs, making it essential for all NMFC users—carriers, shippers, and third-party logistics providers (3PLs)—to prepare for these changes by the go-live date: July 19, 2025.
On Monday, March 3, 2025, the Freight Classification Development Council (FCDC) will conduct a public meeting, held in conjunction with the NMFTA Spring Meeting in Clearwater Beach, FL, to discuss proposals and review feedback for the NMFC as listed in Docket 2025-1.
All NMFC users are encouraged to submit feedback which should include pertinent information relating to the transportation characteristics—density, handling, stowability, and liability—of the product(s) involved or relevant to packaging materials or methods in connection with proposed packaging amendments.
NMFC users can submit feedback for Docket 2025-1 in many ways:
1. Online: Complete the feedback form at nmfcchanges.com/docket-feedback.
2. Email: Send your feedback directly to fcdc@nmfta.org.
3. Mail: Send a letter to:
Freight Classification Development Council
1001 North Fairfax Street, Suite 600
Alexandria, VA 22314
4. In Person: Attend the FCDC meeting to be held in conjunction with the NMFTA Spring Meeting on March 3, 2025. If you wish to schedule an appearance at the meeting, please complete the “Intent to Attend” form here no less than three business days before the meeting.
Feedback submitted via form, email, or postal mail must be received by the FCDC no later than 5:00 pm ET, Tuesday, February 25, 2025. Learn more at https://info.nmfta.org/2025-nmfc-changes.
Rest assured, Logistics Plus will continue to closely monitor these changes, and we will do everything we can to proactively keep our customers informed of any potential impacts. If you have any questions, feel free to contact us at nadops@logisticsplus.com.
