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Shanghai's empty trucks: How the Trump trade war crushes Chinese workers?

Summary by moneyradar.org
Summary: The cancellation rate of orders now reaches 40% in the port of Shanghai since the imposition of U.S. customs duties to 145% Road drivers and port workers face a sudden collapse of their daily activity The port of Yangshan, with its 24 million annual containers, sees its traffic to the U.S. collapse The crisis strikes a China already weakened by a real estate crisis and an economic slowdown The mega-port relies on automation and seeks to…
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Summary: The cancellation rate of orders now reaches 40% in the port of Shanghai since the imposition of U.S. customs duties to 145% Road drivers and port workers face a sudden collapse of their daily activity The port of Yangshan, with its 24 million annual containers, sees its traffic to the U.S. collapse The crisis strikes a China already weakened by a real estate crisis and an economic slowdown The mega-port relies on automation and seeks to…

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moneyradar.org broke the news in on Wednesday, April 23, 2025.
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