U.S.-Bound Goods Are Stuck in Tariff Limbo

Hapag-Lloyd says 30% of China's US-bound shipments cancelled

Hapag-Lloyd customers have cancelled 30 percent of shipments to the United States from China, spooked by the trade conflict between the world's two largest economies, a spokesperson for the German container shipping group told Reuters on Wednesday. Instead, there has been a "massive increase" in demand for consignments from Thailand, Cambodia and Vietnam, the spokesperson added. Tariffs on goods from China introduced by U.S. President Donald Tru…

From slow-cookers to towel warmers, China-made goods for US market now stuck in warehouses

“We are in a harsh winter,” said an electronics producer that gets 80 per cent of its business from the US. Read more at straitstimes.com.

U.S.-Bound Goods Are Stuck in Tariff Limbo

Wall Street Journal: “Many U.S. companies are making… hard calls as they try to adjust to President Trump’s new trade war with China. Some are halting imports as they hope for a trade truce that will result in lower tariffs. A few interviewed by The Wall Street Journal are trying to move their production from China to the U.S., but most are considering other Asian countries, saying U.S. production of their goods doesn’t exist.” “Many are relucta…

Laimonas Rimkus, president of the Lithuanian Sea Freight Companies Association (LJKKA), says that the port of Klaipėda is going through the US customs war and the resulting economic instability twice. According to him, the impact on the port is twofold when Lithuanian companies do not hesitate to import raw materials and subsequently, as a result, Lithuanian products do not leave for the United States.

Customers of German container shipping company Hapag-Lloyd have canceled about 30 percent of their shipments from China to the United States, fearing the fallout from the trade war between the world's two largest economies, a spokesman said.

Companies are hesitant: should we reorganise their supply chain or wait for the trade war to calm down?