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US Logistics Update [Jul 5, 2025]-English

  • chullee2
  • Jul 6
  • 3 min read


 

  • Despite fears that President Trump's tariff policies would lead to higher prices and more unemployment, prices stabilized and the unemployment rate actually fell. The U.S. unemployment rate fell to 4.1% in June, down from the previous month and below market expectations of 4.3%, according to the U.S. Department of Labor (see graph below, left). As recession fears faded, market expectations for a rate cut by the Federal Reserve (Fed) also fell sharply. Meanwhile, President Trump's pressure on Powell to cut rates intensified. Meanwhile, price hikes at U.S. department stores are accelerating in the wake of tariffs, CNBC reports. According to DataWeave, shoe prices at Macy's are up an average of 4.2% and Nordstrom is up 3.1% (see graph below, right), with clothing and bags also seeing higher prices across the board. 

                   

 

Some experts point out that “U.S. prices have risen enough since the pandemic that the

inflationary impact of tariffs will be limited” as a reason why prices are not rising significantly

despite President Trump's tariff policy. However, many experts believe that the weak dollar will

continue to weaken the offsetting effect of the tariffs and that even if a tariff deal is reached, the

high rate tariffs of 10-50% on major countries will remain, leaving a lot of room for inflation.

          

  • President Trump's ‘One Big Beautiful Bill ActžOBBBA’, which contains the core contents of his second term, was approved by Congress, completing the enactment of key national issues such as tax cuts and immigration within five months of taking office. Despite the political headwinds of reducing support for low-income people and concerns of widening the fiscal deficit due to large-scale tax cuts, President Trump's game plan worked, and his future behavior is highly anticipated.

 

 

 


       

  

  • North America Vessel Dwell Times        

 

  •  US/Vietnam tariff deal reached

    On July 2, President Trump announced a trade agreement with Vietnam via Truth Social that would apply tariffs of 20% on goods from Vietnam, 40% on goods transshipped to the US, and 0% on US goods imported into Vietnam. The tariff rates on Vietnam will be used as a benchmark for negotiations with the remaining countries. Meanwhile, with less than five days to go until July 9, the end of President Trump's 90-day reciprocal tariff moratorium, President Trump indicated that he is unlikely to extend the temporary tariff moratorium, but left the door open by saying “it could happen, it's not a big deal.” In any case, the “free trade era” that people didn't want to admit is now completely over.

 

       

 

 


   

  • Market Trends from Asia to the U.S.

    According to WorldACD, air cargo volumes from China and Hong Kong decreased by 11% year-on-year in June. Compared to March, before the tariffs were imposed, volumes were down 15%, continuing a downward trend. The overall market average price was $4.73/kg, down 16% from $5.10/kg last year. However, the last 10 days have seen a rebound in the wake of the Amazon Prime Day sales event (July 8-11), which has led to some supply shortages. On the other hand, the overall market average price from Asia-Pacific countries, excluding China and Hong Kong, to the U.S. was $5.19/kg in June, up about 10% month-on-month and remaining at the June 2024 level.

 

  •  De Minimis Permanently Eliminated (July 2027)

    The passage of the ‘One Big Beautiful Bill ActžOBBBA Act’ will permanently abolish the application of de minimis to goods imported from all countries from July 2027.

 

 

 

 

 

 

 


 
 
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