1️⃣ EU–U.S. Trade Tensions Rise
The EU is advancing a trade deal with the U.S. but adding safeguards due to concerns over unpredictable U.S. tariff actions.

2️⃣ U.S.–China Trade Dynamics Continue
Despite ongoing dialogue, structural issues such as tariffs and export controls remain unresolved.

3️⃣ Global Tariff Policy Expands
The U.S. 10% universal tariff under Section 122 remains in place, with potential increases to 15%.

4️⃣ Supply Chain Stability Disrupted Again
Geopolitical risks and policy changes are interrupting what had been a stabilizing freight market.

5️⃣ Import Demand Softens
U.S. importers continue to reduce orders as inventory levels remain elevated.

Key Takeaway:
Global supply chains are entering a new phase defined by structural tariffs, geopolitical disruptions, and persistent uncertainty.