Navigate 2025 Trade Trends with Confidence
In the August GCP Trade Report, you’ll find clear insights and strategies designed to keep your business moving ahead.
Highlights from the Report:
- As of August 7th, a 10% minimum tariff has been applied to all countries. A further 95 countries face a 10% to 41% reciprocal tariff with specific rates for all nonexempted goods.
- In July, raw material prices continued to rise, although at a slower rate than the previous month.
- Natural rubber prices continue to hover around 170 US cents per kilogram as key rubber producing regions in Southeast Asia enter their peak production season.
- U.S. trade policy is playing a key role in driving global prices higher. Consequently, business optimism further eased in July reaching the lowest level since the pandemic.
- U.S. producer prices increased 0.9% to 3.3% in July, the largest monthly increase in more than three years.
- In July, U.S. ports processed 2.3 million Twenty-Foot Equivalent Units (TEUs), the highest volume in a year, up 11.6% from June and down just 0.5% year-over-year (YoY).
- Container volumes at the top 10 U.S. ports rose by 20.4% month-on-month (MOM), the growth was broad-based, with significant increases at both West Coast and East/Gulf Coast ports.
- Trans-Pacific ocean freight rates have continued sliding downward, on both the U.S. West Coast (USWC) corridor, and U.S. East Coast (USEC) services as well.
- It is expected carries will introduce a general rate increase (GRI) for September 1st; however, carriers have not announced the amount yet.
- Truckload spot rates dipped slightly after holding mostly flat during the traditional summer peak shipping season.
Learn more about these key issues in the full report linked below.
⏱ Estimated Reading Time: 9.5 minutes
📄 Report Length: 3080 words
