US Chinese ship penalties will hit transatlantic trade hardest – Soren Toft
The transatlantic container trade could be the most severely impacted if the US goes ahead ...
REUTERS reports:
President Donald Trump has pushed into new trade law territory with an emergency sanctions law to justify punishing 25% tariffs on Canadian and Mexican imports and an extra 10% duty on Chinese goods to curb fentanyl and illegal immigration into the U.S.
Trade and legal experts said the 1977 International Emergency Economic Powers Act (IEEPA) is untested for imposing import tariffs and Trump’s action will likely face swift court chaaluminumthat could set important precedents.
As widely expected, Trump declared a national ...
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