Trade Tensions Archives - Maritime Shipping News

HMM remains cautious even as profit jumps

13 November 2020

HMM said Friday it posted third-quarter net profit of $20.5 million, a huge swing from the $103.4 million loss in Q3 2019.

But the South Korean container carrier was cautious in its outlook.

“The reemergence of the COVID-19 pandemic in the winter season is indeed a serious threat to [the] global economy,” HMM said in its earnings release. “In addition, the continued trade tensions between the U.S. and China and, most recently, the U.S. presidential election will have a considerable impact on...

https://s29755.pcdn.co/news/hmm-remains-cautious-even-as-profit-jumps

Port of LA’s Seroka calls for US focus on exports

25 September 2020

Port of Los Angeles Executive Director Gene Seroka called for a national export program to narrow the trade gap between the United States and China during an appearance on CNBC’s “Squawk Box Asia” this week.

“We are now at five imports to every export and that’s the widest trade gap we’ve witnessed at the Port of Los Angeles in some time,” Seroka told hosts Rosanna Lockwood and Sri Jegarajah on Thursday.

He said that import-export imbalance puts pressure on the port’s service providers and does...

https://s29755.pcdn.co/news/port-of-las-seroka-calls-for-us-focus-on-exports

Infographic: US sanctions on Venezuela

24 June 2020

FreightWaves Infographic: Venezuela Sanctions

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Read the full article here.

https://s29755.pcdn.co/news/infographic-u-s-sanctions-on-venezuela

Here’s what happens to markets if US tariffs on China kick in next week

4 December 2019

Trump may be at the Nato summit in the UK, but all eyes are, in fact, on his tariff policy, and what will happen in the next two weeks. This week he said he saw no urgency in completing a deal with China, and has also announced new levies on different trading partners, according to Bloomberg....

https://theloadstar.com/heres-what-happens-to-markets-if-us-tariffs-kick-in-next-week/

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

14 June 2019

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, …

The post US business...

https://theloadstar.com/us-business-leaders-hit-back-on-trade-tariffs-and-tell-trump-enough-is-enough/