Overview of Freight Rate Trends Between July 11, 2024 and March 20, 2025, the Drewry World Container Index — a benchmark for freight rates across the world’s eight major maritime routes — recorded a significant decrease of 61.6%, marking the lowest point in over a year. This sharp decline in freight rates has compelled leading …
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Apr
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Reciprocal tariffs are taxes imposed on goods imported from another country in response to unfair tariff policies of that country.
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According to Decree 73/2025, several imported goods from the U.S. will have reduced import tariffs, including: Automobiles: Reduced from 64% to 50% and from 45% to 32%. Ethanol: Reduced from 10% to 5%. Food and agricultural products: Frozen chicken legs: Reduced from 20% to 15%. Pistachios, almonds, fresh apples, cherries: Reduced from 8-15% to 5%. …
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Apr
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On March 31, 2025, the Vietnamese government officially issued Decree 73/2025, adjusting and supplementing preferential import tax rates for various goods. This is a significant move in Vietnam’s trade policy, promoting trade and investment between Vietnam and the United States. According to Decree 73/2025, several imported goods from the U.S. will have reduced import tariffs, …
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Why Are U.S. Tariffs Targeting Vietnam? The U.S. government plans to announce new tariffs on April 2, 2025, as part of its “America First” policy aimed at reducing trade imbalances. Vietnam, a country with a substantial trade surplus with the U.S., is a prime target. This move aligns with efforts to encourage imports of American …