Volumes set to 'fall off a cliff' as US firms hit the brakes on sourcing and bookings
Cargo owners should brace for a “cliff event” similar to the turmoil in the early ...
Attempts by businesses to reduce their dependence on Chinese imports are becoming more difficult as the US-China tariff war intensifies.
In May, US president Joe Biden announced a 100% border tax on Chinese-made electric vehicles, to protect domestic manufacturers, while other products such as lithium batteries, solar panels and semiconductors were also subjected to tariff hikes.
Sara Hsu, associate professor of supply chain management at the University of Tennessee, said that, while “the latest tariffs are ...
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