Tariff latest news!Trump: If negotiations are not sincere, tariffs will return to the April 2 level!

Becente said in an interview program on CNN on the 18th that U.S. President Trump has warned 18 important trading partners that if they dishonestly negotiate, the tax rate will return to April 2 levels after the "90-day tariff suspension" period.

Given the approaching 90-day tariff suspension period, Bescent said the United States is currently focusing on reaching agreements with 18 "important" trading partners.As for the rest of the countries and regions, taxation may be imposed by large regions.

Countries will reportedly receive letters that clearly state the highest tariff rates they will face if they are not seriously negotiated.But it was not disclosed when the tariffs would be restored to a "peer-to-peer" tax rate.

Earlier on May 16, US President Trump said that the United States may unilaterally set new tariff rates on many trading partners in the next two to three weeks.Trump said the United States lacks the ability to negotiate agreements with all trading partners.

Trump: "Although there are '150 countries' who want to reach an agreement, it is impossible to meet with all countries. I think we will give fair tax rates, and it is impossible to meet with so many countries and negotiate." Looking back, Trump announced on April 2 that he would impose a basic tariff of 10% on nearly all imported goods, and at the same time impose "reciprocal tariffs" on dozens of trading partners, which once caused severe turmoil in the global financial market.

After that, Trump announced the 90-day suspension of high "reciprocal tariffs", but the 10% basic tariff continues to be effective.It is reported that in the moment, in addition to quickly reaching an agreement with the UK and suspending tariffs with China for more time to negotiate, other negotiations with major allies such as the EU, Japan and South Korea are at a deadlock.According to a survey released by Bloomberg, the tariffs imposed by the United States on Chinese products this year are likely to remain at 30% by the end of 2025.

Recently, as China and the United States pressed the 90-day "pause button" for tariffs, a "rush to freight" phenomenon has appeared on the US line. Many cargo owners have prepared stocks in advance and demanded quick shipments.The imbalance in supply and demand will also lead to a surge in US line freight rates in the short term.
According to data released by the Shanghai Aviation Exchange on May 16, SCFI rose 10.0% to 1,479.39 points last week.Supported by the favorable news of the "tariff war", freight rates in most ocean routes rose, especially the US line prices rose astonishingly, with the United States and the United States rising 31.7% and 22.0% respectively compared with the previous period.
Here is a reminder that some cargo owners and freight forwarders who have shipped in the United States recently should pay attention to the latest changes in a timely manner and make a shipping plan as soon as possible to avoid affecting shipment!Forwarding Zhou Zhi~