Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
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By Ian Putzger
US ports are worried about the impact of the extra tariffs Washington will slap on imports from China on September 1.
They are particularly concerned about how it will affect the cost of ship-to-shore cranes and argue that this would impact other necessary infrastructure investments.
Short of a settlement of the US-China trade stand-off, they are calling on the administration to exempt gantry cranes from the tariff list of products due to be hit with a 10% levy next month.
The Association of ...
Comment on this article
John
August 08, 2019 at 4:42 pmZPMC Chinese cranes have been under cutting the competition for years. I’ve worked on these for 20 years and quality isn’t close to a MES/Paceco crane or any other Crane. They have been dumping their cranes around the world and nobody can compete with a State backed company. ZPMC has copied and Cheated their way in the market. Now these ports will have to pay full price for a substandard crane and they don’t like it! It’s about time America takes a hard stand on a country that is well known for stealing intellectual property and other companies designs.