Less than a year ago, executives from FedEx and UPS were talking about how they were handling a flood of packages from China to American consumers. “Explosive” is how Carol Tomé, UPS’s chief executive, in July described the volume of shipments from e-commerce companies selling Chinese goods in the United States. And FedEx’s chief customer…
Fast-fashion giants like Shein and Temu have been doing booming business in the United States in recent years, in part because of a tariff exemption that’s helped to keep prices low on packages shipped from China. Now, President Trump has ordered the loophole closed as part of new tariffs, starting with packages from China and…
President Trump’s latest tariffs are about to become an unavoidable and expensive reality for American businesses and for people who rely on foreign goods. Shoppers buying clothes from retailers in China may soon pay more than twice as much, now that a special exemption for lower-value imports is disappearing. And companies involved in international trade…
Amid the turmoil over global trade, countries around the world reached a remarkable, though modest, agreement Friday to reduce the climate pollution that comes from shipping those goods worldwide — with what is essentially a tax, no less. A draft accord reached in London under the auspices of the International Maritime Organization, a United Nations…
When President Trump ordered military strikes last weekend against the Houthi militia in Yemen, he said the militia’s attacks on commercial shipping in the Red Sea had harmed global trade. “These relentless assaults have cost the U.S. and World Economy many BILLIONS of Dollars while, at the same time, putting innocent lives at risk,” he…
An oil tanker and a container ship collided off the northeastern coast of England, according to emergency responders, who scrambled to the scene on Monday morning. Initial images shared by the BBC showed fire and thick black smoke rising from the ships. The British coast guard said it was “coordinating the emergency response to reports…
From her home in Phoenix, Erica Campbell is waiting for a cargo vessel from China to deliver a shipment of thousands of Jesus rattle dolls, tin Easter eggs, religious-themed baby swaddle blankets and 15,000 packages of Jesus Heals bandages. Ms. Campbell, 36, the owner of Be a Heart, a Catholic goods business, paid the Chinese…
The Trump administration has opened a broad new front in its global trade conflict, proposing to affix levies reaching $1.5 million on Chinese-made ships arriving at American ports. Such fees would apply even on vessels made elsewhere if they are operated by carriers whose fleets include Chinese ships — an approach that risks increasing costs…
Dockworkers on the East and Gulf Coasts voted in favor of a new contract on Tuesday, ending labor turbulence at ports that handle a large share of U.S. trade with the rest of the world. The dockworkers’ union, the International Longshoremen’s Association, said nearly 99 percent of its members had supported the contract, which raises…
When a 28-year-old volunteer named Nikolai stepped onto a sandy beach on Russia’s Black Sea coast in a hazmat suit just before New Year’s Eve, he was so overwhelmed by the amount of thick oil film that he almost broke down. He and other volunteers were tasked with shoveling away the oil-drenched sand, but “the…