CBP estimates that 77% of de minimis shipments in 2023 would have been assessed additional duties had they been subject to the restrictions outlined in the new rules.

The crew of the ship — which includes mariners from at least five countries — had been held captive by Houthis in Yemen since November 2023.

Trump has promised to accelerate the production of American-made AI to compete against China for global leadership in the technology.

Although he stopped short of directly addressing Trump's vow to impose hefty tariffs against China, Vice Premier Ding warned that a "trade war has no winners."

More than 134 million birds have been affected since the outbreak began in January 2022, killing more than 20 million egg-laying hens in the fall of 2024 alone.

Houthi attacks in the Red Sea date back to November 2023, when rebels attacked the British-owned Galaxy Leader cargo ship and seized its crew. 

Trump signed more than 200 executive orders within hours of being sworn in, including one that requires federal agencies to conduct a review of U.S. trade policies.

As Trump's trade policies take hold, businesses will be faced with the choice between diversifying their supply chains, or building up inventories to get ahead of tariffs.

So far, diesel emissions at the port are down 92%, nitrogen oxides by 71%, sulfur oxides by 98% and greenhouse gases by 17% since 2005.

The effect of Trump's threatened tariffs could be more severe than in his first term, with higher inflation expectations globally.