October 29, 2025 — The U.S. and South Korea have reached a trade deal that will reduce tariffs on the Asian nation from 25 percent to 15 percent, both countries announced on 29 October.
U.S. President Donald Trump initially threatened the 25 percent tariff in July, with a start date of 1 August. Since that time, all goods from the country – including seafood – have been subject to the duty.
September 2, 2025 — The United States Court of Appeals for the Federal Circuit has ruled a large swath of U.S. President Donald Trump’s tariffs are illegal, but the tariffs will stay in place as the case awaits appeal.
The court ruled that the sweeping tariffs on almost every country in the world Trump announced in April were an overreach of his authority to impose tariffs under federal economic emergency laws. Trump had issued the “reciprocal” tariffs under the International Emergency Economic Powers Act (IEEPA), but the appeals court ruling said that the IEEPA does not have a mechanism to impose tariffs.
March 11, 2025 — Container ports in the United States are seeing elevated cargo levels, according to the Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. The report comes amid rising uncertainty over tariffs in the U.S., where President Donald Trump’s rapidly evolving trade policy has shaken up the shipping industry and sent a chill through markets.
NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said that uncertainty around tariffs, particularly those on goods from China, is leading retailers to rush their imports into the country.