US cuts tariffs on Chinese goods to 30%, China lowers American levies to 10% in 90-day truce
WASHINGTON D.C. : The United States will reduce tariffs on most Chinese goods from 145% to 30% for a 90-day period, while China will lower its levies on American imports from 125% to 10%,
Container shipping firms cut Asia-US Service as Trump tariffs collapse trade
LOS ANGELES : Major container shipping companies are suspending at least six scheduled weekly routes between China and the United States as President Donald Trump‘s punishing tariffs on the world’s top exporting country collapse
Maersk warns global container volumes could drop due to trade war
COPENHAGEN : Shipping group Maersk said on Thursday container volumes plunged 30-40% between the U.S. in China in April as a trade war erupted between the world’s top economies, and warned a protracted dispute
Can India replace China due to the Escalating Tarriff War?
By Ms. Sanyukta Kulkarni, Senior Route Development Manager – Indian Subcontinent, DB Schenker Inc. India, now the 5th largest Economy in the World, is rapidly scaling up its position in the Global Markets. With
Baltic Exchange: Container Shipping Market was fairly Flat last week
LONDON : Whilst the liner industry waits to see what will happen between the 2 superpowers China and the USA in relation to tariffs that the USA has place on China, the market has
Walmart & Target resume business with some Chinese factories after tariff-related halt, suppliers say
HONG KONG : Walmart and Target have resumed business with some of their Chinese suppliers, after pausing orders for a few weeks due to uncertainties over the imposition of steep US tariffs, two Chinese
United States eases port fees on China-built ships after industry backlash
WASHINGTON : The Trump administration shielded on Thursday domestic exporters and vessel owners servicing the Great Lakes, the Caribbean and U.S. territories from port fees to be levied on China-built vessels, aiming to revive
DHL to suspend global shipments of over $800 to US consumers
BEIJING : DHL Express, a division of Germany’s Deutsche Post said it would suspend global business-to-consumer shipments worth over $800 to individuals in the United States from April 21, as U.S. customs regulatory changes have