The order not only adds to CMA's growing fleet of alternative-fuel vessels, but also strengthens its ties in one of the world’s fastest-growing shipbuilding markets.

Data suggests that companies weren’t importing more goods, and were instead paying substantially higher tariffs on the same shipments that they were already bringing in.

The numbers highlight the complex reality behind President Donald Trump's scattershot tariff policies, where duties appeared to have reshuffled sourcing strategies.

The National Economic Council Director criticized the New York Fed research for focusing on prices and not factoring in changes in quantities of imports.

A union leader representing striking workers said: "BAE's profits are little short of obscene."

Japan's trade minister said last year that only 1-2% of the $550 billion mechanism would consist of cash investments, with the majority coming from loans and loan guarantees.

Seroka noted that despite the trade war uncertainty, “purchase orders that go out three months in advance to Asia look stable, a good sign.”

A pending Supreme Court case and upcoming USCMA talks continue to cloud the outlook for tariffs and trade in 2026.

The administration says it will look to focus on special loans and tax breaks for American shipbuilders, as well as workplace development initiatives for U.S. mariners. 

The closure comes as the U.S. and Iran hold the second round of negotiations in Geneva, Switzerland, to discuss Iran's nuclear program.