Diplomacy
New tariffs cost a single ship $417 million, Bloomberg reports
According to Bloomberg, the burden imposed by the 145% tariffs applied by President Donald Trump on goods from China in the US is $417 million for a single cargo ship.
The ship examined by the American publication as an example is the massive OOCL Violet, carrying thousands of containers full of goods bound for the US.
The ship had begun loading goods bound for the US before Trump’s tariff announcement on April 2. According to detailed bill of lading data from IHS Markit, when the ship arrived in California, it was carrying cargo worth at least $564 million in total.
According to Bloomberg’s estimates, approximately 40% of the goods will be subject to the new 145% tariff. The data shows that importing companies will face at least $417 million in new tariffs for all goods on the ship. Moreover, this is in addition to existing import fees.
Tino Muratore, a representative of Worldlawn Power Equipment, which had lawnmowers and spare parts on the ship, said, “This definitely affects business. We don’t know if this is permanent or temporary… so we’re all kind of in limbo and exploring other options.”
The cargo on the Violet ship represents a microcosm of consumer goods and industrial materials: fish, sneakers, forklifts, latex medical gloves, car windshields, pasta, wheelchairs, and bras.
Calculating tariffs involves a complex set of factors, such as the type of imported product, its origin, and for goods shipped within the week after Trump’s announcement, the time the ship departed from each port before arriving in the US.
The Violet first began loading operations in Dalian, a major port city located north of the Yellow Sea. At that time, most Chinese goods were subject to an additional 20% US tariff, originally stemming from Trump’s concerns about China’s role in the fentanyl crisis.
Just a few days later, as the ship departed from China’s Ningbo port, the highest new tariff rate for cars and some aluminum and steel products had risen to 45%.
The biggest blow for the Violet’s customers was the final tariff increase, which took effect just hours before the ship departed from Shanghai. With this increase, the new tariffs applied to Chinese goods rose to 145%. This last-minute increase alone added $220 million to the import costs of US companies with cargo on the ship.
Many companies with cargo on the Violet, including Worldlawn Power Equipment, had limited time to react to the sudden tariff increases. Muratore said, “We had some products already in transit at sea. Yes, like everyone else, we’re trying to figure out how to navigate this situation.”
Bloomberg consulted international logistics experts to estimate the cost of the White House’s new tariffs for the cargo on the Violet ship, along with recent regulations and US Customs and Border Protection rules.
Depending on the information provided by importers to customs authorities, the exact amount of tariffs paid may differ from these estimates. Importers storing their goods at the Port of Long Beach may face a different tariff amount if rates change before the cargo is released.
According to calculations, the total value of Chinese goods with the new tariffs reached at least $409 million.
The 5.7 million pounds of Chinese-origin knitted garments on the Violet ship were subject to the highest estimated new tariff among all categories. Approximately three-quarters of these goods are subject to the highest rate. This category includes everything from products of major brands like women’s vests shipped to Ross Stores to $230,000 worth of work gloves shipped to Kansas City.
Thousands of dollars in additional tariffs depend on when the goods were loaded. Nebraska-based Big Joe Forklift paid an additional $109,000 for $95,000 worth of order pickers and other warehouse equipment because they were loaded onto the ship two days after the highest rate took effect. A Big Joe Forklift spokesperson confirmed these figures but offered no further comment.
A few days after Trump increased “retaliatory” tariffs against China, CBP announced an exception for some electronic products in a bulletin. Approximately $4.7 million worth of Chinese-made TV monitors, laptops, and other accessories on the Violet ship will likely be included in the exception, reducing the average tariff rate in this category to 67%.
Cars and car parts were also exempted from “retaliatory” tariffs. Instead, there is a 45% tariff (excluding tariffs overlapping with steel or aluminum tariffs), while car parts are subject to a 20% tariff, one of the lowest rates for Chinese goods. However, the rate applied to car parts will increase again in May.
Other affected products include industrial parts, as well as ordinary household items such as foldable drying racks, plastic pots, decorative pine cones, and pumpkins.
The Port of Long Beach, according to its published estimates, anticipates approximately a 40% drop in ship calls and import volume from mid-April to mid-May. This reflects the typical delay seen for supply chain changes to impact the global economy.
Diplomacy
Vance leads indirect push for US-Iran ceasefire and nuclear talks
US Vice-President JD Vance has been personally involved over the past two weeks in indirect talks with Iran aimed at securing a fresh ceasefire and restarting nuclear negotiations.
According to Axios, Vance’s intense engagement indicates that he has taken it upon himself to extract the US from the conflict, which he views as responsible for the Republican Party’s shocking losses in this week’s elections.
This elevates the latest round of indirect talks to the highest echelons of the administration.
US officials and regional sources state that Trump is currently willing to let diplomatic efforts run their course to see whether any agreement is achievable.
Asked by reporters on Friday what his message was to Iran, Trump said, “We are talking to them.”
According to sources with direct knowledge of the matter, Vance speaks almost daily with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani, Pakistan’s Chief of Army Staff Field Marshal Asim Munir, and other mediators regarding the negotiations with Iran.
White House envoy Steve Witkoff and Jared Kushner, President Trump’s adviser and son-in-law, are also involved in the process.
Sources say Vance and the Qatari and Pakistani mediators have been discussing the possibility of holding a working-level technical meeting between the US and Iran in the coming days, though this has not yet materialized.
Before the war began in late February, Vance was among the most sceptical voices in Trump’s inner circle on the issue, advocating instead for a diplomatic solution.
In April, he led the US negotiating delegation at the Iran summit held in Islamabad and was personally involved in the talks that yielded a memorandum of understanding (MOU) signed between the US and Iran in June.
Vance subsequently headed the US delegation during a series of direct talks with Iran in Switzerland.
Two weeks ago, Vance sent a letter to Mohsen Rezaei, Secretary of Iran’s Supreme National Security Council, proposing that direct negotiations resume.
Rezaei is one of the closest advisers to Iran’s Supreme Leader, Mojtaba Khamenei.
Iranian officials noted that Vance’s letter generated positive momentum toward restarting talks.
On Wednesday, Vance said the war was the primary reason for the Republicans’ repudiation at the polls.
Sources involved in mediation efforts report that while progress is being made, the process is moving very slowly.
On Friday evening, the prime minister of Qatar said, “Over the past few weeks, we worked with our colleagues in the US administration who have a sincere intention to contain the situation and de-escalate. Thanks to them and the voices of reason in Tehran, we prevented the situation from spinning out of control.”
The prime minister added that discussions with the Trump administration continued following the midterm elections, though they were not as active as in previous days “because there are other matters.”
Nevertheless, he noted that the US intention to find a diplomatic resolution “remains ongoing” and emphasized that an agreement is possible.
On Friday morning, Trump and the Emir of Qatar discussed Qatari efforts to bridge differences between the US and Iran as part of an accord.
According to a statement from his office, Sheikh Tamim emphasized the necessity of “pursuing dialogue and diplomatic channels to resolve differences, prevent the region from facing further escalation, and ensure freedom of maritime navigation as well as the security of energy supplies.”
Separately, Trump confirmed on Friday that the US military conducted a strike on an anti-aircraft missile launcher on Qeshm Island in the Strait of Hormuz after it fired a missile at a US fighter jet.
Diplomacy
Ukraine faces demographic collapse as fertility rates slide
British magazine The Economist reported that mobilization, conflict casualties, and pervasive uncertainty have left Ukraine confronting the threat of demographic collapse.
According to data cited by the magazine, Ukraine’s fertility rate has declined from 1.2 children per woman in 2020 to between 0.8 and 0.9.
This rate marks a lower level than that of any major nation except South Korea.
In the first half of 2026, the number of deaths in Ukraine surpassed the number of newborn babies threefold.
The report noted that ever since independence was gained in 1991, the number of births in the country has lagged behind the number of deaths every year.
The Economist emphasized that the demographic collapse driven by the ongoing fighting constitutes an “existential threat.”
The magazine identified mass refugee migration as the principal driver of the population loss.
More than 5 million Ukrainians reside abroad, predominantly in Europe.
The proportion of those wishing to return among those who left the country is also steadily shrinking.
According to data from the Centre for Economic Strategy (CES), the share of those seeking to return dropped from 74% in 2022 to 43%.
The fact that the majority of refugees consist of Ukrainian children and women under the age of 44 further aggravates the demographic picture.
The Kyiv government decided to exempt men under the age of 25 from mobilization to alleviate the demographic decline.
The magazine reported, however, that many young people have fled the country, while those who remain do not plan to start families.
Projections cited in the report indicate that even if hostilities cease in the coming years, Ukraine can, at best, expect merely a deceleration of depopulation.
Olga Duhnich, an expert at the Ukraine-based think tank Frontier Institute, stated that the generation born in the 1990s and 2000s is the least populous in Ukraine’s modern history, meaning the country cannot expect a post-conflict baby boom.
The United Nations (UN) projects that Ukraine’s population will decline by 0.7% to 0.9% each year over the next two decades.
Under this projection, Ukraine’s population will fall to approximately 25 million by 2040.
If hostilities drag on, people are expected to abandon plans to have children, deepening the crisis even further.
Beyond exempting men under 25 from mobilization, the Kyiv government is rolling out various support packages to boost birth rates.
Under legislation enacted in the country, parents who have children receive a direct payment of 50,000 hryvnias (around $1,100).
Parents are also paid 7,000 hryvnias each month during the first year.
Other state programmes subsidize childcare costs, while Ukrainian soldiers are granted free freezing of egg and sperm cells.
Ukrainian Minister of Social Policy Denis Ulyutin said in May to the Livyi Bereh media outlet that roughly 22 to 25 million people lived in government-controlled territories.
Ulyutin characterized the prevailing picture by saying: “This is a catastrophe.”
Ella Libanova, Director of the Institute for Demography and Quality of Life Research, estimated the population at 29 million during the same period.
Libanova attributed the steep fall from a population of 30 million in 2025 to high death rates and the demographic crisis.
In a statement in October, Libanova announced that Ukraine’s population had slipped to 28.5 million.
Institute Director Libanova said: “The population is already at 28.5 million; we lost half a million people. We lost them, but thankfully this was still caused by migration rather than casualties.”
Diplomacy
Armenian opposition urged to form joint front against constitution
Narek Karapetyan, a lawmaker and head of the Strong Armenia faction in the Armenian parliament, has urged opposition parties to unite around four core principles set out in a joint declaration.
The key points of the declaration include resisting territorial concessions and blocking the adoption of a new constitution, which the opposition has termed the “Aliyev constitution”.
According to a report by Aysor.am, Narek Karapetyan stated that the opposition meeting was originally planned to be led by his uncle, businessman and Strong Armenia movement leader Samvel Karapetyan.
“We initiated the meeting, but the authorities took preemptive steps to prevent Samvel Karapetyan from launching the national unification process,” Narek Karapetyan said.
Noting that, despite these events, opposition representatives convened and signed a joint declaration based on four agreed articles, Narek Karapetyan invited other opposition forces and members of the public to join the alliance.
“We will not allow them to implement the Aliyev constitution in Armenia. We must unite,” Karapetyan said.
Ahead of these developments, Armenian National Security Service personnel detained Strong Armenia Party leader Samvel Karapetyan following a search of his home.
The party’s press secretary, Agavni Sukiasyan, announced that on the morning of the same day, the Investigative Committee of Armenia searched the homes of both Samvel Karapetyan and Narek Karapetyan.
In a report citing the Investigative Committee, Armenpress stated that Samvel Karapetyan was detained as part of a case involving allegations of causing large-scale financial damage to the Electric Networks of Armenia (ENA) company, embezzling entrusted property, and money laundering.
According to committee figures, the total damage inflicted on the company exceeds $179 million.
Narek Karapetyan’s home was also searched at the end of July as part of a criminal case.
On 22 July, Armenia’s Central Electoral Commission approved the Prosecutor General’s request to strip Narek Karapetyan of his parliamentary immunity, and Karapetyan was charged with large-scale money laundering.
According to information reported by Sputnik Armenia, the investigation is linked to charges brought against Strong Armenia supporter Aleksan Aleksanyan.
Investigative authorities allege that Aleksanyan received approximately $4.4 million and €230,000 from the Karapetyan-owned Tashir Foundation under the guise of gifts and loans.
Several criminal cases had previously been opened against Samvel Karapetyan.
In 2025, Karapetyan was charged with publicly calling for the violent seizure of power after backing the Armenian Apostolic Church, which had been criticized by Armenian Prime Minister Nikol Pashinyan.
In January, legal proceedings were also launched against Karapetyan on charges of large-scale tax evasion and money laundering.
Separately, in early July 2025, the Armenian parliament approved a bill enabling the nationalization of the Electric Networks of Armenia company.
In March, Armenia’s Constitutional Court ruled that the nationalization process in question complied with the law.
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