Tag: trade war

U.S. imports from China ended the year on a high note, as some companies stocked up on shipments in light of Trump's proposed new tariffs.

Stepping into 2025, the container trading landscape continues to be shaped by elevated secondhand container prices, driven by uncertainties owing to geopolitical tensions, trade wars, and tariff threats, Container xChange highlights.

Xeneta says that port strikes on the US East Coast and Gulf Coast were avoided, with container freight rate growth expected to slow or fall. 

The international freight forwarding and logistics sector is poised for a dynamic year in 2025, says the director general of BIFA.

In light of the ongoing coronavirus crisis, Allianz issued a research considering that the disease will bring greater impacts, worst than those of the US-China trade war. In fact, the research reveals that the losses of trade in good and services may amount $320 billion per quarter following the business disruption.

Guardian reports that markets rally after Beijing unveils plans to halve extra tariffs on 1,717 US products to boost its coronavirus-hit economy. The market rally followed the latest attempts by the Chinese authorities to boost the economy. After pumping money into the banking system and announcing tax and spending measures to help companies and households, Beijing said it would halve additional tariffs on 1,717 US goods.

According to the U.S. Commerce Department, for the first time after almost six years the overall U.S. trade deficit narrowed during 2019. Namely, regions' imports were fallen faster than the exports in the middle of protracted trade tensions.

The Port of Long Beach culminated in its second-busiest year on record by moving more than 7.6 million TEUs, despite the ongoing US-China trade war, Executive Director Mario Cordero announced Wednesday at the annual State of the Port address.

The International Group of P&I Clubs has published its Annual Review which provides an overview of the Group, key activities and areas of engagement.

Oil prices dropped an almost 1% on Wednesday, following a surprise build in the U.S. crude inventories led by  a concern within the trading and analytical communities that a new round of tariffs on Chinese goods might be imposed in the following days.