China Says U.S. Agrees to Phased Tariff Rollback if Deal Reached

The China-U.S. tariffs have had a huge impact on both the importing and exporting of goods this year. However, there seems to be some light at the end of the tunnel. Representatives from both China and the U.S. are working towards a deal that will allow the tariffs to be rolled back in phases. With the New Year (and Chinese New Year) fastly approaching, it will be interesting to see the impact these reductions in tariffs will have for Q1.


See the full article here.

Comments

Post a Comment

Popular posts from this blog

More Air Cargo Finds its Sea Legs During COVID-19

It seems as though everyone has felt the impact of COVID-19 and the dramatic decline of business. However, there may be a glimmer of hope for those that handle International, primarily ocean freight. With air rates significantly increasing and capacity decreasing, many shippers are turning to the ocean to move their cargo. This could mean a steady, or hopefully speedy, increase in volumes. Fingers crossed! See the full article  here .
Read more

China Has Become an Even Bigger US Import Source Post-COVID

Volumes have been on a heavy decline since the outbreak of COVID-19. Even though we have begun to see some stabilization and many businesses and regions are beginning the reopening phases, we have not seen the sudden spike in volumes in the shipping industry as originally expected. With that being said, if you look at the numbers for May, it appears that China has become an even bigger importer for U.S trade than before. Hopefully, this means that we will start seeing the spike in volumes as the heavy imports into LA/LB are dispersed to various regions throughout the country. See the full article  here .
Read more

US Importers Urged to ‘Proactively’ Challenge Demurrage Charges

We, in the logistics industry, have already seen the immediate effects of the Coronavirus to international shipping. With China being the first to experience the Covid-19 pandemic, the U.S saw an immediate slow down of imports. Now that the disease has made its way to the United States, we are experiencing the effects even more with many businesses being forced to close shop until the spread of the virus slows down. This is posing a serious problem when it comes to inbound ocean containers that were already on the water when the pandemic began. Many containers are arriving into ports but have nowhere to go as the receiving facilities are closed until further notice. As you will see in the JOC article below, BCO's are being urged to contest demurrage and detention charges with the steamship lines as blank sailings will cause a rash of penalties if it remains difficult to return empty containers to marine terminals. Recent reports are indicating that China will be increasing prod...
Read more