The new lawsuit argues that Trump cannot pivot to Section 122 of the Trade Act of 1974 because it was intended only for limited circumstances, not sweeping import taxes. The states also contend the tariffs will drive up costs for governments, businesses and consumers. The lawsuit, filed on Thursday, adds to the uncertainties surrounding trade policy, after the US Supreme Court ruled that many of the duties President Donald Trump had announced last year were illegal. The White

The Treasury Secretary also said he expects tariff rates struck down by the Supreme Court to return within the next five months, following ongoing trade investigations. The White House has outlined the timeline for additional trade actions it plans to take as it seeks to reconstruct President Donald Trump’s far-reaching tariff regime following a Supreme Court decision that axed previous levies. Treasury Secretary Scott Bessent on Wednesday said that the U.S. will likely incre

The war launched by the United States and Israel against Iran on Saturday is already disrupting air cargo traffic in the Middle East, a key freight corridor between Asia and Europe where two of the world’s largest cargo airlines are based, and raising the potential for a rise in air freight rates. Airlines are suspending flights, rerouting traffic around the conflict zone and unable to use key transload hubs in Dubai, Abu Dhabi and Qatar because of retaliatory missile attacks

The world’s largest container carriers are rerouting ships to avoid the Persian Gulf, as a widening military conflict pitting the U.S.-Israeli alliance against Iran threatens to disrupt global merchandise trade. MSC Mediterranean Shipping Co., the top container line, halted cargo bookings for the Middle East while No. 2 A.P. Moller-Maersk A/S and Hapag-Lloyd AG suspended all crossings in the Strait of Hormuz. DP World earlier suspended operations at the Jebel Ali port in Duba

Shippers have greater visibility of the ocean supply chains than before and the view is not pretty, but the Maersk and Hapag-Lloyd alliance show change is possible. Just as this year’s Pacific contract season is set to begin in earnest, shippers who have historically accused container lines of over promising, over charging and under delivering, have acquired better tools to measure carrier performance. Hapag-Lloyd and Maersk created the Gemini Cooperation in February last yea

President announced increase from 10% using different authority from mechanism that supreme court struck down on Friday Trump raises tariffs to 15% on imports from all countries President announced increase from 10% using different authority from mechanism that supreme court struck down on Friday Donald Trump announced on Saturday that he would raise a temporary tariff rate on US imports from all countries from 10% to 15%, less than 24 hours after the US supreme court ruled a

The U.S. Supreme Court struck down Donald Trump's sweeping tariffs that he pursued under a law meant for use in national emergencies, handing a stinging defeat to the Republican president in a landmark opinion on Friday with major implications for the global economy. The justices, in a 6-3 ruling authored by conservative Chief Justice John Roberts, upheld a lower court's decision that Trump's use of this 1977 law exceeded his authority. The justices ruled that the law at issu

Blank sailings on major U.S. trade lanes have fallen to their lowest level in more than a year, even as trade between the U.S. and China remains under pressure. That’s according to new February 2026 tariff data from project44, which analyzed global shipping volumes and carrier schedules. Blank sailings peaked in April 2025, shortly after sweeping new tariffs were rolled out. That month, carriers canceled 131 sailings across major U.S. routes, including Asia–U.S., China–U.S.,