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Tag Archives: TARIFFS

Brexit: How will the new tariff system work? (BBC)

A no-deal Brexit has always meant that the UK would have greater flexibility to set its own trade tariffs. The government has now set out its plans on how it would take advantage of that opportunity. It has said it will cut tariffs to zero on 87% of the goods …

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Trade war seems to come to an ending – But what happens with the global economic slowdown?

President Donald Trump said on Twitter on Sunday (Feb. 24) that the U.S. will delay an increase in tariffs on Chinese goods that was initially planned for early-March. Asian markets on Monday reacted positively to Trump’s announcement, but several experts pointed out that an easing of tensions between the two …

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Will US-China possible trade deal impact India?

India appears to be a winner from the ongoing China-US trade war, with its exports to China, driven by rises in agricultural products, marine products, and chemical products, set for a record in the 2018-19 fiscal year, which ends on March 31. But will the momentum be sustained throughout 2019? …

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NRF welcomes delay of tariff increase

The National Retail Federation issued the following statement from President and CEO Matthew Shay in response to the Trump administration’s decision to hold off on tariff increases that were set to take effect January 2019. “We commend President Trump for his efforts to restore a fair and balanced trade relationship …

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U.S. & China agree on trade war ceasefire

China and the United States agreed to a ceasefire in their bitter trade war on Saturday (Dec. 1) after high-stakes talks in Argentina between U.S. President Donald Trump and Chinese President Xi Jinping, including no escalated tariffs on Jan. 1. Trump will leave tariffs on $200 billion worth of Chinese …

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Ports of Tacoma, Seattle express tariff fears

The ports of Tacoma and Seattle are having a late-year surge. For the first 10 months of the year, combined statistics show, total container volumes are up just 1.3 percent. But for October alone, container traffic was up 9.9 percent from the same month a year ago. That could be …

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U.S.: Ports mark big numbers amid trade war

September and October were record months for many of the ports of U.S. as shippers prepared for a busy holiday shopping season and rushed to get cargo into the U.S. ahead of the Trump administration’s tariffs against several nations, including China. The Port of Los Angeles processed a record 952,554 …

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Maersk warns trade war will hit container shipping (Reuters)

COPENHAGEN (Reuters) – Top U.S. importers are stocking up on Chinese goods before new import tariffs take effect, shipping giant A.P. Moller-Maersk said on Wednesday (Nov. 14), but warned a trade war would hit demand for container shipping in the coming years. Maersk’s data indicated that imports into the United …

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Worries about deepening trade war

China has been front-loading exports to the US ahead of a looming rise in tariffs in January. Chinese stocks tumbled Friday on trade-war fears and worries about a slowing Chinese economy. Experts are pessimistic about the outcome of a meeting between the two countries’ presidents at the G20 summit later …

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Port of Oakland rises, despite trade war

A U.S.-China tit-for-tat over tariffs hasn’t dampened cargo volume growth at the Port of Oakland. In fact, the Port is on track for its third straight year of record container volume in 2018. But can it last?  That’s the question supply chain experts pondered this week at the quarterly meeting …

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