Top

iContainers: US-China Trade War, Brexit Exerting Huge Pressure on Ocean Freight

January 30, 2019

Category:

Namely, the market is awaiting a solution on the tit-for-tat tariffs between the US and China as the duo resumes talks on new trade terms during their 90-day truce, launched at the beginning of December, 2018.

A hard deadline has been set for March 1, after which an increase of additional duties from 10 percent to 25 percent on USD 200 billion worth of Chinese goods will take effect.

Read More on World Maritime News