News / Transpac volumes set for further decline, despite US-China trade pact

Chess game. Two team stand confront each other on China and USA national flags. Trade war concept.

18/12/2019

The suspension by the US of the planned 15% tariffs on $160bn of Chinese imports and the halving to 7.5% of the existing duty on $112bn of other goods has come too late to rescue transpacific volumes this year and next, according to Alphaliner.

Moreover, the price paid by American industry caught in the crosshairs of the US-China trade war is substantial, according to a respected US business news commentator.

Alphaliner said that details of the Phase One trade deal struck by ...