tariff hikes

Port chiefs spell out to Trump the danger to US economy from tariffs

Chiefs at seven large US ports have written to President Trump to express their “deep concern” over the “escalating trade conflict” with China. 
Claiming tariffs are creating “irredeemable economic harm”, they note there was a 30% decline in exports to China from Californian ports last year, while exports of wheat – grown across 10 states – have nearly ceased. 
“The negative impact to these exporters will be long-lasting, because they cannot easily …

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US business leaders hit back on trade tariffs and tell Trump ‘enough is enough’

A vast array of major US businesses, and associations, as well as some major Trump appointees, have written to the president under the banner of “Tariffs Hurt the Heartland”.  
They include Robert Lighthizer, Steven Mnuchin, Wilbur Ross, agriculture secretary Sonny Perdue and Larry Kudlow of the National Economic Council, and warn that two million American jobs could be lost if the tariff war continues. 
Company signatories include the ports of Los Angeles, Long Beach, …

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US business fury at ‘catastrophic’ higher trade tariffs on Chinese imports

And so it has come to pass: the US has hiked tariffs on $200bn-worth of imported goods from China – and China has vowed to retaliate. 
Tariffs have now gone up from 10% to 25% on a wide range of goods, set to impact the perishables, chemicals, construction, industrial, electronics, transport and FMCG industries and, for the first time, a wide range of textiles, among other things. 
While today was always the deadline, negotiations between …

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Pressure mounts on forwarders with uncertainties over US-China trade conflict

Thanks to the antics of the US president, also jokingly known as the best trade minister Canada ever had, Flying Fresh Air Freight’s Brendan Harnett has found planning for 2019 somewhat challenging.
The chairman and CEO of Canada’s largest perishables forwarder can look back on a strong 2018 when, faced with significant increases in tariffs on US seafood and fruit, Chinese importers ramped up their sourcing in Canada.
The rise in business …

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