Volatility drives US importers to continue to look for new suppliers
US containerised imports held broadly steady in June, but the underlying sourcing picture suggests importers ...
© Maren Winter
Beijing is “seeking the moral high ground” in the trade dispute, according to this report in the South China Morning Post. It claims China’s government has filed a lawsuit with the World Trade Organisation over Washington’s latest round of tariffs. The US government imposed a further $300bn of tariffs on Chinese imports on Sunday, with China announcing the legal action on Monday in response. Turning to the WTO has become part and parcel of China’s response to US tariffs, having last year asked the Geneva-headquartered organisation to weigh in on the dispute.
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