Trade wars have not disappeared
- Author:Rita
- Source:Sunny Worldwide
- Release Date:2018-12-21
According to the report of the China Mobile Network, on December 17, according to CNBC, due to the uncertainty of trade tension between China and the United States, container shipping costs from China to the United States increased sharply.
This is because Chinese exporters have been eager to ship goods to US ports before the start of new tariffs, but relevant data suggests that this trend may soon lose momentum.
China and the United States, the two largest economies in the world, have been in a tit-for-tat tariff struggle, levying hundreds of billions of dollars in tariffs on each other's imports in the past few months. As concerns about the full-scale trade war have grown stronger, this has prompted exporters to push the shipping date – a phenomenon known as early shipment.
The US-China tariff war is even affecting the air cargo industry: Recently, the president and CEO of ATTS, the airport's chief ground handling and flight catering service provider, told CNBC that his company has seen changes in routes due to trade wars.