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Supply Chain Updates—November 19, 2025 Newsletter
Tariff Updates: Section 232 Tariffs & Investigation: Medium and heavy‑duty vehicles and parts now face duties of 10%–25% based on origin and classification. New investigations are also underway into imports such as medical equipment (PPE) and industrial machinery, which could lead to additional trade measures. IEEPA Fentanyl Tariff Cut: The U.S.…
Supply Chain Updates —October 16, 2025 Newsletter
Tariff Updates: Reciprocal Tariff Increases: The U.S. has implemented higher tariffs on imports from various countries, including China, South Korea, and the European Union. These adjustments are part of broader efforts to address trade imbalances and unfair practices. Chinese Export Controls: China has announced new export restrictions on artificial diamonds, lithium-ion batteries, and rare earth elements, effective November 8. These measures aim to strengthen China\'s position in high-tech and clean energy…
Supply Chain Updates—September 30, 2025 Newsletter
Key Dates: 1 October: Section 232 tariffs take effect on pharmaceuticals, heavy trucks, household cabinets/vanities, and upholstered furniture. 4 October: Section 301 vessel fees take effect (starting at $120/container, increasing to $250 by 2028) 5 November: Supreme Court hearing on reciprocal tariffs 29 November: Expiration of Section 301 tariff exclusions Tariff Updates: New Section 232 Tariffs: Pharmaceuticals: 100% tariff on branded and patented drugs, unless the manufacturer is actively…
Magnate Worldwide Acquires ASAP Expediting & Logistics, enhancing TrumpCard’s premier service offering
Magnate Worldwide is pleased to announce the acquisition of ASAP Expediting & Logistics, as a strategic addition to TrumpCard, its premier service provider of heavyweight, time sensitive, and mission critical shipments.
Magnate featured in Transportation & Logistics International
In the five years following its inception, Magnate Worldwide has grown rapidly, both organically and through a strategy of select acquisition. Founded in 2015, the company’s journey began with the purchase of TrumpCard and Masterpiece, and expanded Masterpiece through Somerset Marine, and Domek Logistics.
Magnate Worldwide Acquires Hybrid International Forwarding, Expanding its Masterpiece International Footprint
Magnate Worldwide is pleased to announce the acquisition of Hybrid International Forwarding, a strategic addition to Masterpiece International. The acquisition expands its existing presence in Atlanta, a critical U.S. gateway market, and enhances its service capabilities
Magnate Worldwide is pleased to announce the development of its social responsibility program, Magnate CARES.
Magnate identified social responsibility as a strategic initiative for 2020 and has built a grassroots program through support by the many passionate members of our team who have volunteered their time to grow the program.
Magnate Worldwide Ranks No. 1283 on the 2020 Inc. 5000
“We are delighted to be acknowledged on the 2020 Inc. 5000 list alongside other rapidly-growing, exciting companies,” said Dante Fornari, CEO of Magnate Worldwide, “The past three years have been great for our portfolio of complementary logistics companies, and we look forward to more growth, building upon our strong foundation.”
Magnate Worldwide named as a Leading 3PL Gold for 2019 by Global Trade Magazine
Magnate Worldwide is pleased to announce that it has been recognized as a Leading 3PL “Gold” for 2019 by Global Trade Magazine. Global Trade is a top publication dedicated to leaders of global business covering topics ranging from logistics to banking.
The Logistics Industry Remembers Mike Welch’s Life and Contributions
It is with great sadness that we announce the passing of Mike Welch, Co-Founder of Magnate Worldwide, and veteran of the transportation and logistics industry. Mike Welch is survived by his wife, Lisa, and two children, Kara and Carter.
Culture Builder
While credentials and experience are important factors to consider when building a team, Dante Fornari believes that it’s cultural fit and chemistry that really make a difference. In February 2019, when Dante Fornari joined logistics company Magnate Worldwide as CEO, he designed his own onboarding process.
Masterpiece Introduces Turtle North America
Masterpiece International (“Masterpiece”) is pleased to announce that it will offer a new product line as the exclusive distributor of Turtle crates in the United States, Canada and Mexico, through Turtle North America (“Turtle N.A.”). The Turtle crate is a sustainable, durable and reusable substitute for traditional wooden crates used to provide maximum protection for artwork during transport.