Trade tariffs Archives - The Loadstar

US port operators brace for tariff blitz if Trump gets second term

Alexander Whiteman — Mon, 04 Nov 2024 13:32:02 +0000

US port operators will be focused on the results of tomorrow’s elections, concerned that potential tariff policies could upend their business models.
With the polls placing the main presidential candidates neck and neck, sources across US supply chains have told The Loadstar that many shippers were organising their inventories on the basis of a Trump victory, as worry grows over his tariff pronouncements.
Describing ‘tariff’ as “the most beautiful word in the ...

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Chinese stimulus plan – defend and spend

Gavin van Marle — Fri, 04 Oct 2024 11:20:54 +0000

Chinese stock markets have been enjoying their biggest bounce for 16 years since 24 September, when Beijing unveiled its new economic stimulus plan to try and get the country out of its current economic slump.
The reaction from financial markets was as if Christmas had suddenly turned up announced midway through Autumn – although in a sense, it kinda had, because the week that began with the stimulus announcement ended with ...

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US tariffs loom for Chinese-made port cranes, but pre-orders escape

Gavin van Marle — Mon, 16 Sep 2024 11:52:49 +0000

Proposed new import tariffs, by US authorities on Chinese-manufactured ship-to-shore cranes, are set to be delayed for units that were ordered before May.
The US Office of Trade Representative (USTR) confirmed it would press ahead with plans to levy a 25% tariff on Chinese-made container cranes originally scheduled to be applied in August; but it appears that extensive industry lobbying in Washington has paid dividends as USTR said it would not ...

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US-China ‘tariff war’ tough on importers as supply chain costs rocket

Alexander Whiteman — Tue, 20 Aug 2024 11:05:30 +0000

Attempts by businesses to reduce their dependence on Chinese imports are becoming more difficult as the US-China tariff war intensifies.
In May, US president Joe Biden announced a 100% border tax on Chinese-made electric vehicles, to protect domestic manufacturers, while other products such as lithium batteries, solar panels and semiconductors were also subjected to tariff hikes.
Sara Hsu, associate professor of supply chain management at the University of Tennessee, said that, while ...

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Trump tariffs could spark ‘global trade war’, warns industry think-tank

Alex Lennane — Tue, 23 Jul 2024 12:34:00 +0000

Donald Trump has indicated that he would implement new tariffs if returned to the White House.
While this is not likely to achieve desired domestic effects, it would also be a drag on trade. Cargo owners are worried.
The annointed presidential candidate of the Republican party appears bent on raising barriers to international cargo flows.
Mr Trump has floated ideas of a general tax cut, to be funded by increased tariffs on imports, ...

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Prologis still in control of what it can control, the rest…

Alessandro Pasetti — Thu, 18 Jul 2024 11:09:05 +0000

Snapshot mode on after Prologis (PLD) yesterday, 17 July, reported Q2 24 results – ahead of US market opening – that were very marginally better than expected, with the $114bn-market-cap behemoth from San Francisco playing it safe on slightly more bullish guidance too.
However, while in early trade the stock was among the best performers in our portfolio – despite only $0.01 beat to its core FFO gauge – its $122-129 ...

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US tariff on Chinese-made container cranes will distort competition between ports

Gavin van Marle — Wed, 03 Jul 2024 12:59:39 +0000

US container ports with outstanding orders for Chinese-made ship-to-shore cranes are facing a cumulative additional bill of $131m, due to a recent government decision to apply a 25% tariff on the products.
In a submission to the Office of the US Trade Representative (USTR), the American Association of Port Authorities (AAPA) claimed some 35 cranes were under construction in China that would be delivered to US ports after the tariff implementation ...

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US levies new 25% tariff on all container cranes made in China

Gavin van Marle — Thu, 16 May 2024 12:35:29 +0000

Included in the latest raft of tariffs announced this week by the US is that container cranes made in China – by ZPMC as well as European firms such as Konecranes – are to be subject to a 25% levy, according to World Cargo News, which noted that the increase would make non-Chinese cranes more cost-competitive.
It is something of an irony that one of the key pieces of equipment that ...

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‘Battery race’ heats up as US quadruples tariffs on Chinese EV imports

Charlotte Goldstone — Tue, 14 May 2024 12:14:17 +0000

The Biden administration is set to quadruple tariffs on Chinese electric vehicle (EV) imports into the US, and Transport & Environment (T&E) has urged European governments to introduce similar incentives for near-shoring as “the battery race” intensifies.
According to The Wall Street Journal, the price of clean-energy goods exported from China into the US will double as tariffs quadruple, from 25% to 100%, under the new rule, set to be ...

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Don’t be too worried about east coast port shutdown, says top shipper

Gavin van Marle — Tue, 12 Mar 2024 12:07:51 +0000

Despite some strident language from union leaders, shippers using US east coast ports should expect an agreement between employers and dockers to be in place before the present contract ends in October, according to Peter Friedmann (above), executive director of the Agriculture Transportation Coalition (Ag-Trans).
A veteran shipper lobbyist who has represented Ag-Trans in Washington since its inception, he told delegates at last week’s TPM conference in Long Beach, organised by ...

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