Tag: Trade War

June 5, 2020

The port said the budget was based on expectations of slower cargo volumes in the near term and a continued slowdown in the worldwide economy, due to market uncertainties related to the COVID-19 pandemic and the lingering impacts from the […]

January 20, 2020

The deal has been welcomed across the supply chain as a positive step to ending trade war and further trade tensions among global superpowers. According to BIMCO’s Chief Shipping Analyst Peter Sand, the deal will deliver both trade creation and […]

January 15, 2020

The Port of Corpus Christi, the 3rd largest port in the United States, said it ended 2019 with record tonnages for December of 13.8 million cargo tons and 122.2 million cargo tons for the entire year — a 16-million-ton improvement […]

January 13, 2020

In the latest sanctions, the US Treasury targeted Iran’s billion-dollar metal industry and senior regime officials clamping down on the country’s remaining revenue sources. A total of 17 Iranian metals producers and mining companies were listed in the latest group […]

December 20, 2019

It should be the busiest time of year for truck drivers like Gerald Rogers at the Los Angeles docks. Instead, they’re scrapping over leaner cargoes thanks to the trade war. Rogers, 35, said last year he was shuttling as many […]

December 16, 2019

Speaking on December 13, Donald Trump said that the agreement will stave off further tariffs, keeping them at 25 percent for USD 250 billion worth of US imports from China. The move comes on the back of the tentative agreement […]

October 14, 2019

Namely, the U.S. President, Donald Trump, said that the deal with China means that “they will immediately start buying very large quantity of our agricultural product, not wait until the deal is signed over the next 3 or 4 weeks.” […]

September 24, 2019

The Port of Long Beach, Port of Los Angeles, Port of Oakland, Port of Portland, Port of Seattle and Port of Tacoma said the long-term implications of the escalating trade conflict “will create irredeemable economic harm to employers, workers, residents […]

April 15, 2019

Following a truce at the end of 2018 and the ensuing trade talks, the focus now is on the enforcement mechanism aimed at making sure the US and China meet their commitments allowing for the tensions to cool down. According […]

April 9, 2019

U.S. ports covered by Global Port Tracker handled 1.62 million TEU in February. That was down 14.3 percent from January and down 4 percent year-over-year. As noted by NRF, February is traditionally the slowest month of the year because of […]

January 30, 2019

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 […]

January 21, 2019

Speaking at Oakland’s annual State of the Port address, Driscoll acknowledged that the ongoing U.S.-China trade war clouds the 2019 freight picture. Nevertheless, he added that the port continues to aggressively implement a 5-year strategy called Growth with Care. The […]

October 9, 2018

Even though crude oil was left out from the recent wave of tit-for-tat tariffs between the duo, the country’s seaborne exports of crude oil to China dropped to zero in August. In 2017, Chinese imports accounted to 23% of total […]

August 24, 2018

In testimony on August 24 before the United States Trade Representative (USTR) in Washington, D.C., AAPA will reflect on disadvantages of the recently imposed tariffs, including the effects of likely retaliatory responses. “The impact of expanding Section 301 tariffs on […]

August 2, 2018

While there may be clouds on the horizon in the form of tariff and trade war fears, economic fundamentals are likely to win-out in the long run, global shipping consultancy Drewry said. “Against this positive picture near term container port […]

June 20, 2018

Trump’s trade approach, including his disputes with China and strained relations with once-reliable trading partners like Canada and Mexico, is threatening to undercut the global competitiveness of major North American automakers like Ford, Pro Trade’s Doug Palmer reports. Joe Hinrichs, […]

May 22, 2018

A Chinese trade delegation, headed by Chinese Vice Premier Liu He, managed to score a deal in Washington with the U.S. Government representatives by promising to reduce the United States trade deficit with China. “To meet the growing consumption needs […]

March 23, 2018

The trade war between China and the United States is brewing with China announcing plans to impose duties on U.S. goods worth USD 3 billion. The move is being taken as a response to the Donald Trump’s new duties on […]

March 22, 2018

A potential trade war, which could emerge on the back of US’ recently unveiled tariffs on imported steel and aluminum, would be harmful for the global shipping industry, according to BIMCO. Although the impact of US steel and aluminium tariffs, […]