(Bloomberg) — Chinese shippers may see an outsized hit on earnings as the latest tariffs from US President Donald Trump risk hammering global trade. Container liners such as Cosco Shipping…
global trade
Trump to Impose Sweeping ‘Liberation Day’ Tariffs, Escalating Global Trade Tensions
President Donald Trump proclaimed “Liberation Day” in the United States on Wednesday as he prepared to impose sweeping new tariffs that would escalate a trade war with global partners, increase prices and upend a decades-old trade order.
New UPS tool helps online shoppers calculate import fees before buying
UPS this week said it has incorporated a landed cost calculator to its shipping technology that e-commerce merchants can integrate into their online stores so customers see the import duties, taxes and fees upfront at checkout.
The new tool, UPS Global Checkout, aims to prevent consumers from being surprised by unpaid import fees collected upon delivery, which can sour the shopping experience and potentially cause a loss in brand loyalty. Global Checkout uses AI to assess items in the shopping...
European Shipping Commands 35% of Global Fleet, Critical for EU Security and Trade
European shipping has emerged as a crucial geopolitical asset for the European Union, controlling 35% of the world’s fleet despite the EU representing only 15% of global GDP, according to…
Trump Escalates Global Trade War, Sparking Tit-for-Tat Tariffs
President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import levies and doubled an existing charge on China, spurring swift reprisals that plunged the world economy into a deepening trade war.
https://gcaptain.com/trump-escalates-global-trade-war-sparking-tit-for-tat-tariffs/
Trump announces plan for reciprocal tariffs on all US trading partners
President Donald Trump signed a memorandum Thursday for the U.S. to look at implementing “reciprocal tariffs” to match the tax rates other nation’s place on imports of American goods.
“On trade I have decided for purposes of fairness, that I will charge a reciprocal tariff — meaning whatever countries charge the United States of America, we will charge them no more, no less. In other words, they charge us a tax or tariff and we charge them the exact same tax or tariff. Very simple,” Trump said...
Trump anuncia un plan para tarifas recíprocas en todos los socios comerciales de EE. UU.
El presidente Donald Trump firmó un memorándum el jueves para que Estados Unidos considere la implementación de «aranceles recíprocos» para que coincidan con las tasas impositivas del lugar de la otra nación en las importaciones de bienes estadounidenses. “En el comercio, he decidido para fines de...
Car Carrier Bull Market Seems to Be Fading
Since the pandemic, earnings for ships that move cars across the oceans have soared to record levels, fueled by booming global trade in vehicles. The rally is starting to fade.
https://gcaptain.com/car-carrier-bull-market-seems-to-be-fading/
UNCTAD: Global Trade On Track to Hit Record $33 Trillion in 2024
Global trade in both goods and services is poised to achieve an unprecedented $33 trillion in 2024, marking a substantial $1 trillion increase and 3.3% annual growth despite persistent challenges,…
https://gcaptain.com/unctad-global-trade-on-track-to-hit-record-33-trillion-in-2024/
India and Italy In Talks On Blue Economy, Port Cooperation
By Jeanette Rodrigues Nov 30, 2024 (Bloomberg) —Italy is in talks with India to ramp up cooperation in the ship and yacht building industries, Minister of Business and Made in Italy…
https://gcaptain.com/india-and-italy-in-talks-on-blue-economy-port-cooperation/