Topic: Industry News
February 11, 2025
Trump Imposes New Tariffs on Mexico, Canada, and China: What It Means for Global Trade and Manufacturing
Sweeping Tariffs Take Effect Amid Economic Uncertainty On Tuesday, March 4th, President Donald Trump’s administration enacted sweeping 25% tariffs on imports from Mexico and Canada, while also doubling tariffs on Chinese imports from 10% to 20%, according to CNN. The move, aimed at pressuring trading partners to crack down on fentanyl trafficking, has already triggered retaliatory ... Read more
December 13, 2024
How Online Sellers Are Battling a Surge in Organized Fraud
As e-commerce continues its explosive growth, online sellers face an unprecedented wave of organized retail crime that’s rapidly evolving beyond traditional theft into sophisticated digital schemes. With global e-commerce fraud losses expected to exceed $48 billion this year, according to Juniper Research, small businesses find themselves on the front lines of an increasingly complex battle ... Read more
August 16, 2024
Global Shipping Rates Surge Amid Rising Red Sea Attacks
The cost of international shipping has skyrocketed as businesses rush to transport goods for the upcoming festive season months earlier than usual. This sudden surge in shipping rates is largely attributed to the ongoing attacks in the Red Sea by Yemen’s Houthi militant group, which have forced ships to take longer, alternative routes.
July 3, 2024
Apple to Ramp Up Investments in Vietnam as Part of China-Plus Strategy
In a significant move towards diversifying its supply chain, Apple CEO Tim Cook has announced the company’s plans to increase investments in Vietnam. During a two-day visit to Hanoi, Cook met with Prime Minister Pham Minh Chinh and discussed Apple’s expansion plans in the Southeast Asian manufacturing hub.
July 1, 2024
Shein and Temu’s Tariff-Free Reign Under Fire as U.S. Takes Action
The U.S. government has intensified its campaign against the controversial trade practices of Chinese fast fashion giants Shein and Temu. Central to this crackdown is the exploitation of the de minimis rule, a customs exemption allowing low-value packages to bypass standard tariffs and scrutiny. This enforcement shift impacts global supply chains and underscores deepening concerns ... Read more