The sharp escalation in the US/China trade war could see some short-term front-loading gains for transpacific carriers on the headhaul route, but it spells trouble longer-term, particularly on the backhaul.
Hitting back at President Trump’s Twitter announcement last week of a 10% tariff on a further $300bn worth of Chinese imports into the US from 1 September, Beijing today instructed state-owned companies to suspend all imports of US agricultural products.
Drewry said …
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Source: The Loadstar