Nearshore News & Tariff Updates

Last updated April 24, 2025

Uncertainty and unpredictability have been the themes since the beginning of the year. Business owners are being forced to evaluate and adjust their supply chains, and some changes we can’t go back on. Some businesses have had to close up shop for good. Many businesses are beginning to evaluate options domestically or in free trade zones. 

This week, here three themes in recent news impacting businesses: 

(April 23) White House Weighs Tariff Cuts to Calm U.S.-China Trade Tensions

The Trump administration is actively considering a major reduction in its tariffs on Chinese imports, potentially slashing them by more than half. One senior White House official said the tariffs were likely to come down to between roughly 50% and 65%, with a tiered structure proposed: non-strategic imports might face a 35% tariff, while strategic goods would still see levies above 100%.

President Trump confirmed the possibility of a reduction on Tuesday, saying, “They will come down—but it won’t be zero.” The announcement caused a stir in financial markets, with investors responding positively after weeks of volatility. While no deal is finalized, the proposal represents a shift in tone after months.

This development came just days after China issued a stern warning to nations aligning too closely with U.S. trade policy. In a statement published by Chinese state media, Beijing threatened countermeasures against any country that “appeases” Washington at China’s expense. 

Read more: Wall Street Journal
Read more: The Guardian

(April 23) 12 U.S. States Sue Trump Over Tariffs

Twelve U.S. states—including New York, Illinois, and Oregon—have filed a lawsuit challenging the constitutionality of Trump’s tariffs. They argue that only Congress has the authority to impose trade barriers, and that these tariffs are causing direct harm to state economies.

Notably, even Republican-led states like Nevada joined the suit, citing economic pressure from rising costs. The administration dismissed the challenge as political, but the legal battle adds another layer of uncertainty to an already volatile trade landscape.
Read more: New York Times

(April 22) Bonded Warehouses, FTZs, and the Fashion Sector’s Tactical Pivot

Record membership in Foreign Trade Zones (FTZs) and soaring demand for bonded warehouses show how quickly businesses are adapting. These zones let companies delay or avoid paying tariffs until goods enter the domestic market—making them financial pressure valves in a chaotic environment.

Fashion brands, in particular, are pivoting fast. With tariffs adding up to 155% on Chinese-made cashmere, Swedish label Lisa Yang and others are investing in U.S.-based bonded logistics hubs. These moves cut duty costs and accelerate delivery to American consumers.

Read more: CNBC
Read more: Vogue Business