News
The World’s Largest Container Carriers Are Rerouting Ships to Avoid the Persian Gulf as a Widening Military Conflict Pitting the USA-Israeli Alliance Against Iran Threatens to Disrupt Global Merchandise Trade
Freightwaves, Dubai, March 1 The United States and Israel launched attacks on Iran on Feb 28. Iran’s retaliation has targeted countries throughout the region, including US interests in the UAE, Qatar and Bahrain. The hostilities have also slowed the movement of ships, including those carrying oil and gas, in and out of the Strait of Hormuz amid warnings to avoid...
President Donald Trump’s Reworked Global Tariffs Began Tuesday, Feb 24, at a Rate of 10%, even though He Said over the Weekend That They Would Start at 15%
ABC NEWS, Feb. 24, 2026 On Friday, Feb 20, after the Supreme Court struck down most of Trump’s tariff agenda, he announced that he would quickly implement a 10% flat tariff for all trading partners using a different trade law. One day later, Trump posted on Truth Social that “effective immediately” he would be “raising the 10% Worldwide Tariff …...
(1) Supreme Court Rules IEEPA Tariffs Unlawful; (2) Trade Community Awaits Guidance on Potential Refund Process (3) Trump responds to Supreme Court Decision by Imposing a New 10% Global Tariff Under a Different Statute
Late Friday afternoon, in response to the Supreme Court’s earlier decision, Trump announced a new 10% global tariff under a different statute. The Friday Supreme Court ruling did not overrule tariffs, just a specific use of the International Emergency Economic Powers Act, which according to the Supreme Court did not grant Trump the power he claimed to impose tariffs. The...
US Air Flight Reductions Will Increase If Shutdown Continues – Reductions to Impact Domestic Flights Only
ABC NEWS, By Jack Moore, Jon Haworth, Ayesha Ali, and Nadine El-Bawab November 7, 2025, 4:00 PM The US Government remains Shutdown. More than 16 US air traffic control facilities are experiencing worker shortages on Friday (November 7). Officials at the U.S. Federal Aviation Administration (FAA) decided on Friday to gradually increase air travel flight reductions to 10% after the agency’s safety team...