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News / Forwarders remain 'cautiously optimistic' despite US-China trade rift

CHINA USA
ID 343463520 © Tomasragina | Dreamstime.com
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The latest round in the US-China tariff war may have less a significant impact on global supply chains than those in the recent past.

Cliff Xu, CEO of Greater China at Rhenus Air & Ocean, said the US-China route had gradually lost its prominence as industry took measures “to minimise risks in this trade lane”.

Compared with a decade ago, “the US market has dropped to 14% of the total China export values”, said Mr Xu.

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