White House unveils $3bn investment to 'clean up' ports in 27 states
President Biden has earmarked $3bn for port modernisation projects across 27 US states, benefiting some ...
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XOM: INCOME PLAYSTLA: BOUNCING FROM LOWSCHRW: A SLEW OF UPGRADES MAERSK: MOMENTUMAAPL: BOOOOMMMAMZN: CONF CALL TRANSCRIPT SCREENING ZIM: MAERSK BOOST DHL: SHRUGGING OFF CYBER TROUBLE SO FARGXO: WINCANTON RISK HEIGHTENSGXO: REMARKS THAT WERE NOT LIKEDMAERSK: SURGINGMAERSK: CLIENTS NOT EXPECTED TO PAY MORE FOR GEMINIMAERSK: NO GXO APPETITEMAERSK: 'NOT FULLY SATISFIED YET' MAERSK: 'GEMINI DESIGN' MAERSK: GEMINI NETWORK MOVING PARTSMAERSK: CAPITAL RETURNSMAERSK: CONSOLIDATION ON THE RADARMAERSK: CONF CALL
Another day, another trade war. The WTO decision to allow the US to impose tariffs on $7.5bn-worth of EU goods is expected to bring about a “lose-lose” situation, for airlines in particular, with 10% tariffs on Airbus aircraft. And Boeing will not be exempt – the WTO has also found that the firm received billions of dollars of illegal subsidies, but is yet to decide on the measures the EU can take in response. Hundreds of European products will get new tariffs, including some food items, German camera parts and UK-made blankets, as early as October 18.
The EC said tariffs would be “short-sighted and counterproductive”, while Ryanair urged the US and EU to pull back and said neither side’s aviation industry would survive a long dispute, reports Reuters, via the Independent.
Meanwhile, here’s a full list of all the Chinese products that will be getting a 30% tariff this month.
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