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Trump Hits South Korea with 25% Tariff Over Failure to Meet Trade Deal Commitments & Threatens 100% Tariff on Canada to Dissuade China Deal

Trump Increases South Korea Tariffs Over Failure to Enact Trade Deal President Trump announced yesterday he’s increasing his reciprocal tariffs on South Korea from 15% to 25%. In late July, [...]

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25% Tariff on Semiconductors & Iran’s Trade Partners – Plus Treasury Can Cover Tariff Refunds If Necessary

25% Tariff on Semiconductors Not Used in the U.S. In a proclamation yesterday (January 14th), President Trump announced a 25% tariff on semiconductors transshipped through the United States. If [...]

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No 2026 Furniture Tariff Hike; Supreme Court Tariff Ruling Could Come Friday

Last week, while Universal Cargo’s blog was on a little break for the holidays, U.S. importers of furniture got good news. The 25% tariff on upholstered furniture, kitchen cabinets, and [...]