UNCTAD believes recent rounds of tariff hikes will disrupt a trading system drawn increasingly around value chains.
https://worldmaritimenews.com/archives/261461/unctad-trade-wars-a-symptom-of-a-deeper-malaise/
Donald Trump
Panel: Trade Tensions May Complicate Delicate Security Environment in Indo-Pacific
Washington’s simmering trade war with and tariffs against China are creating some unintended consequences for the U.S. military and its relationships with partners in the Pacific, a panel said today.
Speaking Thursday at the Atlantic Council in Washington, D.C., Yuki Tatsumi, co-director of the East Asia Program at the Stimson Center, said President Donald Trump’s imposition of tariffs on steel and aluminum and threats to impose them on automobiles have made Japan and China “kind of strange...
Cargo down at Port of Long Beach due in part to new tariffs, officials say
Container volumes at the Port of Long Beach were 1.9 percent lower in August compared to the same month the year before, according to the port’s latest figures.
Last month’s dip in volume can be attributed in part to the formation of new ocean-carrier alliances, in which carrier companies agree to certain conditions to stabilize the rates to ship goods.
Port of Long Beach Executive Director Mario Cordero also attributed the decrease to tariffs between China and the U.S....