Volumes set to 'fall off a cliff' as US firms hit the brakes on sourcing and bookings
Cargo owners should brace for a “cliff event” similar to the turmoil in the early ...
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By Alex Lennane
US agricultural shippers are considering diverting or bringing back shipments hit by new tariffs which are already ‘on the water’.
The latest salvo in what looks set to be a trade war has seen the US trade representative announce $12.5bn-worth of proposed tariffs on a wide variety of imports from China, including semi-conductors, car and aircraft parts.
The move followed Monday’s announcement by China that it had imposed $3bn-worth of duties on goods including pork, fruit and steel.
And this morning, China hit back ...
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