Keyword → supply chain

Trump's 15% Global Tariff Set to Take Full Effect This Week, Bessent Signals Rollback Within Five Months

Treasury Secretary Scott Bessent confirmed Thursday that President Trump's revised 15% global tariff, enacted under Section 122 of the Trade Act of 1974 following the Supreme Court's invalidation of IEEPA-based duties, will take full effect this week, though Bessent expressed confidence the rates would revert to prior levels within five months as trade authorities complete sector-specific assessments.

U.S. Manufacturing Expands for Second Month Despite Tariff and Policy Uncertainty

U.S. manufacturing showed continued expansion in February as the ISM manufacturing index stayed above 50 for the second straight month, signaling modest growth. However, rising tariffs on metals and ongoing geopolitical tensions pose challenges to cost structures and supply chain efficiencies. While production and new orders showed strength, employment growth remained flat, prompting cautious optimism among industrial firms.

Strait of Hormuz Effectively Closed: Maersk, Hapag-Lloyd, CMA CGM Halt All Transits as Shipping Stocks Surge

The world's four largest container shipping carriers suspended all vessel crossings through the Strait of Hormuz following Iranian attacks on tankers transiting the waterway, triggering a 70 percent drop in traffic and sending shares of Maersk and Hapag-Lloyd surging more than 4 percent as investors anticipated higher freight rates, war-risk surcharges, and prolonged rerouting of global cargo around Africa's Cape of Good Hope.

Battery X Metals Closes $2.4 Million Private Placement, Attracts Strategic Leadership

Battery X Metals announced the closing of a non-brokered private placement raising approximately $2.4 million, bringing on board a founding family executive from Skechers to its leadership ranks. The funds are earmarked for advancing exploration and development of key battery metal projects amid rising demand for critical minerals.