U.S.-China tariffs

Breaking down Trump’s tariffs

WASHINGTON — The import tariffs imposed by President Donald Trump on Canada (25%), Mexico (25%) and China (10%) over the weekend to coerce those countries into shutting down illegal immigration and drug trafficking will likely cause at least some short-term pain for American consumers, according to economists.

Based on data from 2023 compiled by Trading Economics, below is a list of the top 10 imports from each of the three countries – which are also the largest U.S. trading partners – along...

https://www.freightwaves.com/news/breaking-down-trumps-tariffs

White House: Expect first tariffs on Saturday

WASHINGTON — Mexico and Canada will see a 25% tariff on imports into the U.S. starting on Saturday if President Trump holds to his word.

The memorandum outlining his administration’s “America First Trade policy” does not set a specific date that the tariffs will take effect, but rather directs federal departments and agencies with tariff oversight to provide reports and make recommendations by April 1.

After issuing the memo, however, Trump told reporters they would go into effect on Feb. 1, and...

https://www.freightwaves.com/news/white-house-expect-first-tariffs-on-saturday

Commentary: Keeping Alaska’s seafood supply chain intact

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

Why is gasoline more expensive in oil-rich Alaska than in most of the Lower 48? Because Alaska ships its crude oil out-of-state without refining it. Other states have large refineries possessing economies of scale that Alaska cannot match. A similar tale applies to Alaska seafood. Why does frozen Alaska salmon, destined for retail markets in the Lower 48,...

https://s29755.pcdn.co/news/commentary-keeping-alaskas-seafood-supply-chain-intact

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

Commentary: Trade flow and the warning flares it signals

The U.S. trade war with China and COVID-19 have reshaped the flow of supply and demand. While the trade war shifted the movement and volume of goods, the coronavirus has impacted the buying behavior of consumers. Now with the world in various stages of reopening, the big question that remains is will the consumer come roaring back?

One way to track this trend is by analyzing the volumes of containers. With a lead time of several months, retailers and manufacturers fill orders based on expected...

https://s29755.pcdn.co/news/commentary-trade-flow-and-the-warning-flares-it-signals