Shippers in Asia restart ocean shipment bookings – but not from China
Asian exporters that withheld shipments due to US import tariffs were quick to backtrack today, ...
Proposed new import tariffs, by US authorities on Chinese-manufactured ship-to-shore cranes, are set to be delayed for units that were ordered before May.
The US Office of Trade Representative (USTR) confirmed it would press ahead with plans to levy a 25% tariff on Chinese-made container cranes originally scheduled to be applied in August; but it appears that extensive industry lobbying in Washington has paid dividends as USTR said it would not include cranes ordered before 14 May 2024.
“In addressing the effectiveness ...
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