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In retaliation for the latest round of tariffs, China will place tariffs on $60 billion worth of imports from the U.S. beginning Sept. 24, according to Reuters. The rates will be 5% or 10%, depending on the product.
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Canadian Pacific executives said the effects of the U.S.-China trade war are marginal on its rail volumes, but the railway may have seen some pull-forward of shipments ahead of the 25% import tariff beginning in January 2019 — up from 10% imposed in September.
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Trade sanctions have evolved dramatically in the last few months, and are putting greater pressure on companies to remain compliant.
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The West Coast MTO Settlement (WCMTOA) introduced at present that the Visitors Mitigation Payment (TMF) within the ports of Los Angeles and Lengthy Seaside will likely be briefly adjusted from December 1, 2021 to January 31, 2022, topic to regulatory approval by the Federal Maritime Fee.
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As a result of the Shanghai Cooperation Organization (SCO) Summit, there are restrictions in place for the import of dangerous goods.
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Due to the COVID-19 quarantine requirements for the ship crews onboard to the coastal feeder running between South China and Hong Kong waters, feeder operators announced their services to be suspended from mid-Jan to the end of Feb 2021.
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The Longshore union and employers of 22,000 dockworkers at U.S. West Coast ports on Wednesday said they have reached a tentative deal on a new six-year contract, ending 13 months of talks and easing supply chain worries.