A reduction in Chinese exports to the US is expected to dampen Chinese demand for copper, zinc and iron ore, in particular.
SUNDAY UPDATE: Since this report was posted on Friday, November 8, it has been reported that the situation at the border has improved.
For the most part, e-commerce parcels shipped to the States originate in China.
“My wife has just walked past with a go-back” – flight luggage containing the bare essentials such as passports.
Trump has proposed various tariff policies, including tariffs of up to 20% on all imports not out of China and 60% on Chinese goods.
In a related development, Hapag-Lloyd confirmed orders for 24 new vessels from Chinese shipbuilders.
The agreement strengthens bilateral relations and collaboration to promote sustainable fisheries and aquaculture in both countries.
Businesses from across the continent are showcasing their products at the world’s largest import trade expo this week.
Ocean container shipping freight rates spiked more than 70% the last time the president ramped up tariffs.
They include onerous licensing requirements, long processing delays, inefficient customs procedures, subsidies, and technical barriers.
