The international shipping community can heave a sigh of relief as the United States and China bury the hatchet and pledge to stop the trade war.
Trump calls for new ‘structure’ for U.S.-China trade deal
U.S. President Donald Trump on Wednesday signaled a new direction in U.S. and China’s trade talks, saying the current track appeared “too hard to get done” and that any possible deal needed “a different structure.”
Who will be the biggest losers from a China-US trade war truce?
Exporters in Brazil, Australia and Russia could feel the pinch if China switches suppliers of some of its big-ticket imports to head off a trade war with the United States, according to analysts. That was the assessment after two days of “constructive” high-level talks in Washington last week yielded a commitment from China to “substantially” […]
How traffic jams at the U.S.-Mexico border ripple through the economy
You may not think very much about border transportation issues if you don’t live in El Paso or Laredo, Texas, or Nogales, Ariz., or Otay Mesa, Calif. People who live in those cities know that the traffic along an increasingly active international border affects their lives daily.
US Puts ‘Trade War’ Against China on Hold, Mnuchin Says
The Trump administration won’t impose tariffs on Chinese products for now, after the two nations made progress on trade issues during two days of talks, Treasury Secretary Steven Mnuchin said.
Drewry: North America-ECSA Demand to Rise in 2018
Demand in the North America-East Coast South America container trade is expected to see gradual improvement during 2018, shipping consultancy Drewry said.
Mexican importers shift cargo from US West Coast to home ports
Lower ocean rates to send cargo from Asia through Mexico’s Pacific Coast ports compared with US West Coast ports, an increase in the number of shipping services, and the growing cost and difficulty of securing trucking services in the United States are spurring Mexican importers to route more cargo directly. (This article requires a subscription […]
Airfreight rates continue to track ahead of 2017 levels in April
Air cargo carriers continued to see airfreight rates improve in April compared with a year earlier. According to the latest figures from data provider Tac Index, carriers offering cargo capacity on services from Hong Kong to North America saw prices increase by 14.8% year on year in April to $3.65 per kg.
BIMCO: Trade War Would Hurt the Fronthaul Transpacific Leg
A potential trade war between the world’s top trading partners could lead to a drop in container shipping industry’s volumes on the essential leg of a transpacific voyage from China into the US, according to BIMCO.
NRF: US Container Imports to Rise despite Threat of Tariffs
Imports at the major retail container ports in the US are expected to grow steadily throughout the summer despite the prospect of heavy tariffs on goods from China, the National Retail Federation said.