US and China near a deal to end most US tariffs

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It would appear that China and the US are close to agreeing a trade deal that could see tariffs lifted. China has asked for the tariffs to be removed as soon as possible, while the US is hoping for pledges on intellectual property rights and a promise to buy US products, including $18bn-worth of natural gas. China would also lower tariffs on farm, chemical and automotive products, among others. If the tariffs, and promised tariff hikes are abandoned, it’ll be interesting to see what will happen in logistics. Companies have reported additional volumes, especially on the ocean, in an attempt to bypass future tariffs, which means that inventory is high levels already. Bloomberg reports.