News

The latest industry news and PSA BDP Happenings from across the globe.

May 1, 2025

tariffs

The U.S. Chamber of Commerce is urging the Trump administration to immediately implement a “tariff exclusion process” in order to keep the U.S. economy from falling into a recession and inflicting “irreparable harm” on small businesses.

April 29, 2025

tariffs

President Donald Trump is set to sign an executive order on Tuesday to​ ease auto tariffs, White House press secretary Karoline Leavitt announced, the latest abrupt shift in a rapidly changing tariff policy that has left businesses scrambling to keep up.

April 28, 2025

tariffs

Donald Trump’s increasingly erratic trade war has triggered a slump in shipments to the US’s most important ports, amid the growing risk of a recession in the world’s largest economy.

April 28, 2025

newswatch

Brussels Airport, Belgium's main international flight hub, will cancel several flights on Tuesday, while Charleroi Airport plans to suspend all departures the same day due to a nationwide strike over the new government's austerity policies.

April 28, 2025

newswatch

A blackout brought much of Spain and Portugal to a standstill Monday, halting subway and railway trains, cutting phone service and shutting down traffic lights and ATM machines for the 50 million people who live across the Iberian Peninsula.

April 24, 2025

tariffs

China has called on the US to cancel its sweeping tariffs on Chinese goods entering the country as a sign that the President Donald Trump is serious about resolving the trade war between the two countries.

April 23, 2025

newswatch

A 6.2 magnitude earthquake has rattled much of Türkiye Wednesday morning, according to the United States Geological Survey.

April 23, 2025

tariffs

The largest domestic automotive groups say higher tariffs on auto parts will cost U.S. carmakers billions of dollars while scrambling the global supply chain, hiking consumer prices and lowering sales.

April 23, 2025

newswatch

On April 17, the United States Trade Representative (USTR) issued the final notice of action following its investigation into China’s shipbuilding and logistics sector. According to the USTR draft Federal Register notice, the USA will begin charging fees on Chinese-owned, operated, and built vessels arriving at its ports in October 2025.

April 22, 2025

tariffs

The International Monetary Fund (IMF) has slashed its outlook for GDP growth in the U.S. from its January prediction, cutting its forecast from 2.7% to 1.8%.