Port of Los Angeles hit by levy backlash
The Californian port of call ended May with a 4.8% monthly drop in its traffic volumes
Asia-US West Coast capacity boom
Shipping companies are planning to add 397,000 more TEUs to the trade route for June and July
Chinese back exporting to the U.S.
In May, the PMI sub-index on export orders was up three points to 47.5 compared to April
Trade war, federal court blocks levies
The Court of International Trade has ruled Trump cannot unilaterally impose trade tariffs
Europe & the need to recoup the Med.
In a scenario where the United States is questioning its position, Europe should stop limiting itself to focusing just on Northern Europe
COSCO hits back at US ship levies
The new measures distort fair competition and threaten the development of the shipping industry
US softens squeeze on Chinese ships
The US Trade Representative has scaled back the port tariff plan applied to Chinese companies and/or Chinese-built ships announced on 21st February
Tariffs could freeze global trade
The WTO predicts a worst-case scenario of a 1.5% drop in global trade: the biggest slump since Covid
Chinese import levies hit 145%
The White House clarifies: the 125% tariffs announced by Trump must be added to the 20% tariffs on fentanyl