U.S. – China trade war

Donald Trump claimed his trade war got the Chinese to bend to U.S. will. But the “historic” trade deal he negotiated didn’t turn out so well.

What the war of words between the U.S. and China means to ocean shipping.

CIE Manufacturing has made the move to U.S. production.

CNBC’s Lori Ann LaRocco provides commentary on how the Phase One trade deal between the U.S. and China has not worked as thought, at least to date….

“This agreement will help our farmers and ranchers by maintaining export markets, which will reduce the overall impact of an outbreak to our agriculture industry,” USDA said.

The Chinese government is using the reason “Acts of God” to void many contracts due to coronavirus. Darren Prokop explores whether that is hurting current trade and will impact trade in the future.

“China has continued to embrace a state-led, mercantilist approach to the economy and trade, despite WTO members’ expectations,” the Office of the U.S. Trade Representative said in its annual report to Congress.

The trade war between the U.S. and China caused companies to adapt supply chains and the transportation of their products. Darren Prokop writes about those changes and their impacts.

The Artic Ocean may be the next area that sees the superpower nations “rubbing up” on each other in search of faster ocean passage and a new source of natural resources.

EXPD earnings fell 23% year-over-year; management cited the business cycle and warned about Q1 coronavirus impacts.

Lori Ann LaRocco writes about the impact of coronavirus on maritime trade between China and the U.S.

The country’s Customs Tariff Commission, which announced the move Thursday, said the reductions will take effect Feb. 14.

President Trump tells the nation he kept his campaign promise to renegotiate the 26-year-old trilateral trade agreement with Canada and Mexico.

UPS posts largely expected Q4 results as operating gains and nontax and after-tax charges cancel each other on the bottom line.

Quarantines and factory shutdowns could deepen and extend the traditional Chinese New Year trough.

FreightWaves’ maritime Market Expert Henry Byers provides insight regarding the Phase One trade deal between the United States and China.

Ocean carriers not looking at additional trans-Pacific services as Phase One deal unlikely to stem trade slowdown.

Los Angeles port signals efficiency gains as the third-largest container alliance plans additional SE Asia stops.

WEF projects 36% growth in last-mile delivery vehicles by 2030; Tesla vehicle registrations in California halves in Q4 ’19; Bendix signs on Geotab as telematics partner.

As a result of trade agreement signed at the White House on Wednesday, China has pledged to increase imports of American goods and services by at least $200 billion.

Phase One of the U.S.-China trade deal is scheduled to take effect Wednesday. Read CNBC’s Lori Ann LaRocco’s take on how that trade has changed since the tariff war began — and how it may never be quite the same.

2018 high-water mark for container volumes makes it ever tougher for 2019 to come out on top.

The ongoing political strife in Hong Kong is not directly slowing shipping activity at the world’s busiest cargo airport, but could gradually reshape supply chains in unexpected ways.  A two-day occupation of passenger terminals at Hong Kong International Airport (HKIA) in August didn’t physically impact cargo facilities or freighter-dominant carriers, and the airport quickly resumed […]

President Trump said he plans to travel to Beijing sometime this year to start the next round of trade negotiations with China.

DHL Supply Chain North America’s Jim Monkmeyer talks trade, customers and the perception gap with shippers

Darren Prokop writes about the complexities of international trade (imports and exports) and how transportation is measured in that mix.

Resilience360’s report on the impact of U.S.-China trade war discusses the uncertainty it has brought to global trade.

On this weekend’s What the Truck?!? we hit the ground running with the latest on Celadon exactly one week after FreightWaves first broke the news. We also give you the latest on what has been dubbed a “peaceful protest” at one of their subsidiaries in Mexico, Jaguar Transportation. We provide an update on the breaking […]

Production of most Christmas lights has moved Cambodia and other Asian countries from China.

The U.S. and China have reached a deal that will prevent additional U.S. tariffs on Chinese imports from going into effect on Dec. 15.

Aramco crosses $2 trillion valuation; German economy looks vulnerable than ever; Autoworkers vote for a new contract at Fiat Chrysler.

Americans for Free Trade spokesman Jonathan Gold said the White House needs to “finalize a deal with China to end the trade war and remove all tariffs.”

Port of Los Angeles Executive Gene Seroka cautioned the port’s Board of Harbor Commissioners that even if a trade deal is reached with China, it may take months or years for trade volumes to snap back. President Trump on Friday once again gave mixed signals on the likelihood of a trade deal with China as […]

Daimler is cutting jobs citing global economic slowdown and emissions fine; German economic growth exceeds expectations; U.S.-China limited trade deal is still unsigned.

Aramco’s breakeven cost is below $10 per barrel; Alibaba registers $1 billion in sales in 1:08 minutes on Singles Day; Chinese pork imports at an all time high.

Risks based on cargo moving through Los Angeles/Long Beach ports

The Port of Long Beach and Port of Oakland said exports were up, but imports down when compared to October 2018.

Growth from last year’s front loading makes for tough comps, as trade war upsets seasonal patterns.

A United Nations report concludes U.S. consumers and Chinese exporters are the primary losers in the trade war. Taiwan, Mexico, Europe and Vietnam are net beneficiaries.

India gains $755 million in U.S. exports in H1 2019; OPEC braces for drastic drop in oil demand; Tesla is charging ahead in the electric car space.

Truck maker TRATON Group S reported higher revenue and profit for the first nine months of the year, but warned of a tougher 2020 with an accelerating slump in orders and global economic uncertainty.

In a thinly veiled swipe at President Trump’s trade policy, the U.N. says protectionism will result in weaker maritime demand over the next five years.

Ben Thrower writes about the importance of American agriculture – not just to the U.S. population, but to the country’s trade negotiations.

If container carriers refrain from adding too much capacity, transpacific freight rates may rise in coming months, says Drewry Shipping Consultants.

Read what Ted Stevens Anchorage International Airport is doing to stay relevant and its importance to U.S.-international trade.

Lost in the US-China’s trade war’s impact on imports is the devastating effect on US exports

Toy maker Hasbro reported lower third-quarter earnings, citing tariffs on Chinese products and higher supply chain costs.

The abrupt retirement of Jim Barber, UPS’ CEO heir-apparent, overshadows company’s third-quarter results

Retail is expected to be the great savior of the 4th quarter economy. Hopefully retaill shipment volumes are not an indication of things to come.

September saw China record its lowest monthly export growth to the U.S. since 1996 as the trade war inflicted more damage.

Big air trade drops with major trading partners leaves industry looking for backfill

Port of Los Angeles container volumes dipped in September and its executive director called for a negotiated settlement of the U.S.-China trade ware.

The transfer of production out of China to avoid U.S. tariffs of up to 25% is having a tangible impact on global trade flows.

Export and import volumes falling well below earlier estimates as economy slows and trade tensions rise.

Global post delegates approve compromise allowing USPS to hike international rates, keeping the U.S. in the UPU

Port of Long Beach is offering incentive payments to ocean carriers in an effort to stabilize declining cargo volumes.

France, Germany float proposal that would increase USPS charges for handling foreign mail, keep US in UPU

German auto industry is going through an economic crisis; Waymo carriers 6,000 passengers in its first month of autonomous taxi service; e-scooter market witnesses a slump in growth.

The International Road Transport Union has taken the lead in setting the global road transport agenda, which calls for greater cooperation between industry stakeholders and government bodies to ensure economic prosperity.

Henry Byers writes about the latest twists and turns in the U.S.-China trade war.

Do U.S. corn producers have an opportunity to sell more to Brazil for ethanol production?

China has begun probe into charges FedEx handled restricted knives bound for Hong Kong

Third largest carrier reports rebound in results, partially thanks to rates and partially to subsidies.

J.B. Hunt imposes peak season intermodal surcharge to recoup costs of returning empties

China looks to de-escalate tensions with the U.S.; German exports affected more by Brexit than trade war; Indian auto sector in trouble.

The CEO of Maersk says the impact from the U.S.-China tariffs and trade tensions on global trade has been quite manageable.”

Workers scared of people replacing them than robots; oil markets face nightmarish scenario; German economy is slumping

Can listed shipping shares break out of their slump before the U.S.-China trade dispute is resolved?

Major U.S. drayage carrier sees Southeast ports as areas of growth in freight.

Chinese tariffs are impacting American agriculture. But declines in exports to other countries are also hurting American agriculture.

Dry-bulk shipping firm pushes up dry docking to fit in with scrubber installations.

A supply-demand imbalance and oceanic low-sulfur fuel regulations are making air freight more attractive relative to ocean freight. Or, at least, that is what air carriers hope.

As the United States-China trade war frightened stock markets on August 5 into their worst day of the year, some analysts said Mexico could find a silver lining in increased trade exports.   “The commercial problems that China-United States are having can have benefits for Mexico – there are products in which Mexico is competitive and […]

Goods like clothes and toys are on the proposed tariff list.

The U.S.-China trade war has dropped trade volumes between the two countries to date in 2019. One result – Mexico is now the #1 trade partner of the U.S.

The new tariffs, announced a day after the Fed cut rates, will affect mostly consumer goods.

Ocean Network Express (ONE) expects slightly better profit this year than previously forecast as costs drop one year into its full operation.  But overall demand remains tepid as it lowered full-year revenue targets and reduced service in the trans-Pacific shipping market.   ONE, the container ship joint venture of Japan’s largest shipping companies, made the forecast […]

U.S. next day air volumes set the pace for UPS’ second-quarter results

Ben Thrower explores the financial and political influence that China is wielding in Panama and around the Panama Canal.

The U.S. fireworks supply comes primarily from China, and one company controls most of that trade. Read Market Expert Henry Byers’ fascinating article about fireworks!

Cathy Roberson writes about Vietnam’s growth as a manufacturing center as manufacturing moves from China to other nations in Southeast Asia.

Scott Case explores the reasons behind the recent FedEx lawsuit against the U.S. Department of Commerce.

The FreightWaves Freight Intel Group is producing research culled from FreightWaves SONAR and other sources. Read about its first several research papers and how to learn more.

Donald Broughton explains the harm that tariffs can do to the economies of the United States, the country(ies) that tariffs are imposed on and the global economy.

Supply chains are forced to contend with risks involving border skirmishes, trade wars and embargoes, with even climate change having a bearing on its fortunes.

The Port of Los Angeles expects cargo volumes to dip in the coming fiscal year due to the fall-off from last year’s front loading of containers and the potential impact of new tariffs. The slowdown underscores the growth slowdown that intermodal rail and trucking face in 2019 after last year’s big rush of freight from […]

Market expert Henry Byers examines the U.S.-Chinese trade war and its impact on imports and the broader economy.

Market expert writes about how current trade issues between the U.S. and China, the U.S. and Mexico and the U.S. and the EU may disrupt supply chains and cause economic problems.

Trade war tariffs are hurting the competitiveness U.S. businesses working in China, according to the American Chamber of Commerce in China (AmCham China). Tariff troubles increased over the weekend as the latest round of Chinese tariffs on $60 billion of U.S. goods began on Saturday, June 1.

Flexport hired a former White House trade and economic advisor in a bid to harness research from the digital first forwarder’s datasets and to help customers navigate the shifting sands of trade. The San Francisco-based company named Dr. Phil Levy as its first Chief Economist. Dr. Levy, who earned a Ph.D. in economics from Stanford […]

Improved vessel utilisation is the key to maintaining profitability in what is expected to be a challenging market according to Soren Skou, Chief Executive Officer of Maersk (Nasdaq OMX: MAER). The company has maintained a tight rein on capital expenditure over the past year with no large terminal projects or costly new ships ordered and […]

Hyundai Merchant Marine (KSE: 011200) started off 2019 much as it ended 2018, racking up losses. Despite a first quarter gain in volume that boosted revenue, fuel prices and finance costs from the Korean company’s debt load continue to weigh on results. The last of South Korea’s container line operators, Hyundai Merchant Marine reported a […]

Beijing has sworn to institute countermeasures to combat a huge increase in tariffs, from 15 percent to 25 percent, that have been imposed by Washington on $200 billion worth of a wide range of Chinese goods. A set of high-level, last-minute, talks yesterday to postpone or prevent the tariffs failed.

U.S. maritime’s economic contributions may be at risk if Chinese tariffs remain in place.

John Garamendi (D-CA) asserted energy exports are tied to US shipbuilding and national security.

Higher rates to elevate inventory-carrying costs.