US tariff plans could drive Europe into the arms of Chinese EV makers
Donald Trump’s tariff plan could spectacularly backfire, forcing Europe closer to China as it seeks ...
RXO: COYOTE FILLIP GONEGM: SUPPLY CHAIN HITBA: CUT THE FAT ON THE BONER: STEADY YIELDMAERSK: SELL-SIDE UPDATESDAC: TRADING UPDATE OUT SOONTSLA: FEEL THE PAIN IN CHINAWMT: GUESS WHATXPO: SURGINGAMZN: LOOKING FORWARDCHRW: PAYOUT UNCHANGEDWTC: NEW HIGH MAERSK: 'AFLOAT IN A SEA OF RISK' F: TARIFF TRAFFIC WARNINGHON: GAUGE THE UPSIDEXPO: STELLAR EARNINGS DELIVERYMAERSK: DEMAND DISRUPTION RISK
RXO: COYOTE FILLIP GONEGM: SUPPLY CHAIN HITBA: CUT THE FAT ON THE BONER: STEADY YIELDMAERSK: SELL-SIDE UPDATESDAC: TRADING UPDATE OUT SOONTSLA: FEEL THE PAIN IN CHINAWMT: GUESS WHATXPO: SURGINGAMZN: LOOKING FORWARDCHRW: PAYOUT UNCHANGEDWTC: NEW HIGH MAERSK: 'AFLOAT IN A SEA OF RISK' F: TARIFF TRAFFIC WARNINGHON: GAUGE THE UPSIDEXPO: STELLAR EARNINGS DELIVERYMAERSK: DEMAND DISRUPTION RISK
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.
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