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OL NEWS FLASH – FEBRUARY 20, 2020

Feb 24, 2020 | Transportation and Supply Chain News

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U.S. and China agree to slash reciprocal tariffs in major step toward easing trade war

by | May 12, 2025 | Tariff Updates | 0 Comments

The U.S. and China agreed to a 90-day pause on most tariffs, easing tensions in their ongoing trade war and boosting global markets. The U.S. will reduce tariffs on Chinese goods...
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Trump set to unveil ‘full’ US-UK trade deal, first since ‘Liberation Day’ tariffs

by | May 8, 2025 | Tariff Updates | 0 Comments

President Trump is set to announce a comprehensive trade deal with the UK, marking the first such agreement since his administration imposed and then paused broad "reciprocal" tariffs in April. Trump emphasized the longstanding alliance with...
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China eases tariffs on select US goods as Trump says Beijing will ‘eat’ the costs

by | April 30, 2025 | Tariff Updates | 0 Comments

China is quietly exempting select U.S.-made goods from its steep 125% tariffs to ease trade tensions while preserving a tough public stance, focusing on sectors like semiconductors and pharmaceuticals. In contrast, President Trump has...
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What’s in Trump’s move to ease US automotive tariffs

by | April 30, 2025 | Tariff Updates | 0 Comments

Tariff Stacking Removed: Vehicles and parts hit with the new 25% Section 232 auto tariff will no longer face an additional 25% tariff on steel, aluminum, or certain imports from Canada and Mexico. However, tariffs on Chinese imports (up to 145%) and the standard 2.5%...
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Trump’s autos tariff relief aimed at reshoring production to US, Lutnick says

by | April 29, 2025 | Tariff Updates | 0 Comments

On April 29, President Donald Trump is set to sign an order offering temporary relief from his 25% vehicle tariffs to automakers producing in the U.S., allowing time to reconfigure supply chains. The relief includes credits for...
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Imports from China now face tariffs of up to 245%, White House says

by | April 17, 2025 | Tariff Updates | 0 Comments

The U.S. is imposing tariffs as high as 245% on Chinese imports due to national security concerns and China's retaliatory actions, including rare earth export restrictions. These tariffs include a 125% reciprocal...
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Trump tariffs on China will soon bring ‘irreversible’ damage to many American businesses

by | April 15, 2025 | Tariff Updates | 0 Comments

President Trump’s decision to exempt Apple’s iPhone and other tech products from new China tariffs offered limited relief, as the broader U.S. economy, especially small businesses, faces growing strain from a sweeping 145% tariff...
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China strikes back with 125% tariffs on U.S. goods as trade war intensifies

by | April 11, 2025 | Tariff Updates | 0 Comments

China has sharply raised tariffs on U.S. goods to 125% in retaliation for President Trump's recent tariff hikes, which now bring the total U.S. tariff rate on Chinese imports to 145%. Beijing criticized...
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Trump temporarily drops tariffs to 10% for most countries, hits China harder with 125%

by | April 9, 2025 | Tariff Updates | 0 Comments

President Donald Trump announced a 90-day pause on new tariffs, reducing them to 10% for most U.S. trade partners to allow for trade negotiations. He also raised tariffs on Chinese imports to 125%, citing disrespect towards global markets. Following the announcement,...
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Trump’s reciprocal tariffs plan kicks in; China vows again to impose countermeasures

by | April 9, 2025 | Tariff Updates | 0 Comments

President Donald Trump's tariffs are now in effect, including a projected 104% tariff on imports from China. On Tuesday, U.S. Customs and Border Protection announced that it was ready to start collecting country-specific tariffs from 86 trading partners at 12:01 a.m....
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