China-U.S. trade war

China in crosshairs of new ocean shipping reforms

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WASHINGTON — Add container shipping software — along with weather balloons and TikTok — to the list...

https://www.freightwaves.com/news/headline-china-in-crosshairs-of-new-ocean-shipping-reforms

China conundrum: US companies advised to prepare for political risk

Image of U.S. and Chinese flags, with a rupture between them indicating conflict.

U.S. companies operating in China should develop exit plans in case political tensions escalate or they are forced to make ethical compromises that anger employees, shareholders or customers, former U.S. officials said last week. 

The rivalry between the two superpowers is escalating across many fronts — military, technological, economic and human rights — as China views its model of state and Communist Party control over the economy and society as ascendant while U.S. power and influence wanes....

https://www.freightwaves.com/news/china-conundrum-us-companies-advised-to-prepare-for-political-risk

Raimondo vows to pursue pro-worker industrial, climate policies

Mug shot of Commerce Secretary-designate Gina Raimondo with container vessel image in background.

Gina Raimondo will play a significant role implementing President Biden’s economic and trade agenda for lifting up the working class if the U.S. Senate, as expected, confirms her as secretary of commerce. 

Lawmakers view her as a steady hand who will return the department to many of its traditional roles supporting business in stark contrast to predecessor Wilbur Ross, the billionaire businessman who mostly disappeared in the second half of the Trump administration after initially pushing...

https://www.freightwaves.com/news/raimondo-vows-to-pursue-pro-worker-industrial-climate-policies

COVID supply chain disruptions reinforce ‘China+1’ strategy

A green Toll Group container sitting on a rack.

A new survey of manufacturing and retail customers by third-party logistics provider Toll Group is reinforcing the narrative that the coronavirus pandemic is accelerating moves to diversify product sourcing away from China.

A quarter of customers are now planning to transition some of their operations out of China in the next three years, the global logistics powerhouse said. Melbourne, Australia-based Toll is the 17th largest 3PL in the world by gross revenue, according to Armstrong &...

https://s29755.pcdn.co/news/covid-supply-chain-disruptions-reinforce-china-1-strategy

US, China reciprocate on more airline access

A white United Airlines planes takes off into bright blue sky. United is adding more flights between San Francisco and Shanghai.

Shippers will have eight additional flights per week with coveted cargo space on the busy China-U.S. route after the U.S. Department of Transportation on Tuesday permitted four Chinese carriers to double the number of round-trip flights they operate. 

The U.S. decision came in response to Chinese aviation authorities on Monday authorizing United Airlines (NASDAQ: UAL) and Delta Air Lines (NYSE: DAL) to increase service frequency from two times weekly to four times weekly. 

The two governments...

https://s29755.pcdn.co/news/us-china-reciprocate-on-more-airline-access

United Airlines to reintroduce China service in July

White jet, blue tail, United Airlines at airport gate.

U.S. airlines are taking advantage of a mild loosening in Chinese aviation restrictions to restart service to mainland China, a key market for rebuilding revenues and for shippers with goods to move.

United Airlines (NASDAQ: UAL) announced Friday that it will resume service to China with twice-weekly flights between San Francisco and Shanghai Pudong International Airport beginning on July 8. The flights will operate with a Boeing 777-300ER aircraft and route through Seoul, South Korea. Prior to...

https://s29755.pcdn.co/news/united-airlines-to-reintroduce-china-service-in-july

US denies China extra passenger flights

Bit white plane with Chinese markings comes in for landing.

The U.S. Department of Transportation late Friday denied a request by Chinese airlines to increase the number of flights allowed into the U.S. but said it was simply a procedural matter, not a provocation.

Seven Chinese carriers filed proposed schedules for future service when the DOT said earlier this week it would only permit four weekly flights in total. Air China, China Eastern, China Southern and Xiamen Airways each already operate one scheduled passenger flight per week to Los Angeles or...

https://s29755.pcdn.co/news/us-denies-china-extra-passenger-flights

Commentary: Intra-Asia trade waving economic distress flag

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

A recent “surge” in containers from China has created a plethora of bullish headlines signaling a possible turnaround. Well, don’t pop the champagne yet. The flow of trade within a critical supply chain trade route will tell you to put that bottle of bubbly back on ice.

A line of drayage tractors wait to be unloaded at portside.
(Photo credit: Jim...

https://www.freightwaves.com/news/commentary:-intra-asia-trade-waving-economic-distress-flag

US-China airline quarrel exacerbates supply shortage for cargo

Big white jet in air after takeoff, flying overhead

The air service dispute between the U.S. and China over resuming passenger air travel will have spillover effects for airfreight shippers and other areas of trade as the relationship between the countries deteriorates, industry and legal experts say.

Limiting flights from each country perpetuates the shortage of cargo capacity resulting from the extensive shutdown of passenger operations due to the coronavirus outbreak and sets the stage for potential Chinese retaliation against other industry...

https://s29755.pcdn.co/news/us-china-airline-quarrel-exacerbates-supply-shortage-for-cargo

Commentary: Can managed trade really work?

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

Managed trade, ironically, is hard to manage. This is especially true when it is between the world’s two largest economies trying to settle their trade and political disputes. The U.S.-China trade war entered a détente of sorts with the “Phase 1” trade deal signed on January 15, 2020. Between January 1, 2020 and December 31, 2021, China is required to import more...

https://www.freightwaves.com/news/commentary-can-managed-trade-really-work

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