#us-import-ban

#us-import-ban

Shipping costs have increased by more than 10 percent in the past month due to the US-Israel war on Iran. The 60-day waiver for the Jones Act aimed to lower energy costs but has had little impact on oil prices, which continue to rise amid the ongoing conflict.

"My constituents are saving thousands of dollars and they know it. Republicans can and should take credit because the alternative would've been massive tax hikes under the Democrats had they won the 2024 election."

The price of oil has jumped again to above $100 a barrel after President Trump said the US would blockade the Strait of Hormuz from Monday. The US president threatened to stop tankers from entering or leaving the key oil and gas shipping lane in response to the failure of talks with Iran.

The government of Daniel Noboa announced that, starting May 1, the security tax on imports from the neighboring country will be raised from 50% to 100%. This decision is based on national security criteria, after observing the lack of implementation of concrete and effective measures regarding border security by Colombia.

I'm in the process right now trying to consolidate all of my invoices ... because I need the money back - if they're going to give it back. A pallet of coffee would cost us 5 to 6 to $7,000 if we had a bag or two of really high-grade in there. Post tariffs, our cheapest pallet was around $8,000, and it went anywhere from 8 to $10,000 or $11,000 per pallet of coffee.

President Trump hates the United States' trade deficit. Indeed, he is so concerned about the "economic and national security risks" the deficit creates that he imposed a tariff regime that raised geopolitical tensions across the globe.The only problem is that his tariffs don't appear to be rebalancing the huge volume of goods and services the U.S. imports, versus its declining exports.