Stay Ahead of Market Shifts with GCP’s November Trade Report
Gain actionable trade insights and practical strategies to strengthen your business and capitalize on new opportunities.
Highlights from the Report:
- The U.S. reduced its “fentanyl” tariff on China from 20% to 10%, bringing the combined effective duty rate on China to approximately 45%.
- Earlier this month, the U.S. Supreme Court heard oral arguments on the legality of the Trump administration’s IEEPA tariffs. The Court can announce a ruling as late as June 2026.
- Raw materials prices increased for the 13th straight month (though at a slower rate compared to the pervious month).
- Global economic expansion continued in October, driven by growth in manufacturing. While stronger demand supported overall growth, new export orders remained weak.
- China’s producer prices fell -2.1% in October, marking the softest decrease since August 2024, though extending their contraction for the 37th consecutive month.
- In October, U.S. ports processed 1.99 million Twenty-Foot Equivalent Units (TEUs), down -11.5% year-over-year (YoY).
- The average delay for late ocean vessel arrivals improved to 3.8 days, it’s lowest mark in 2025.
- U.S. container imports from China increased to 803,901 TEUs in October, up 5.4% month-over-month, but are down -16.3% YoY.
- Ocean carriers have announced a December 1 General Rate Increase. However, they have postponed the traditional Peak Season Surcharge until December 15.
- Van and flatbed truck load rates have not moved meaningfully in 2025 despite truck operating costs continuing to run high relative to where we are in the freight cycle.
Learn more about these key issues in the full report linked below.
Estimated Reading Time: 10 minutes
Report Length: 3110 words
