Railing against inflation, Trump floats 20 percent tariff
“Global trade experts have warned against widespread tariffs, a type of tax that a country charges on imported goods and services from another country, as they generally harm the economy.”
[USA Today]
Busiest U.S. ports absorb import surge that is nearing pandemic-era frenzy
“Companies are also racing to beat the imposition of more tariffs on Chinese goods in the event that Donald Trump returns to the presidency in 2025 and fulfils a campaign pledge to step up the trade war with China and raise tariffs on all US imports.”
[The Straits Times]
China port explosion snarls trans-Pacific container trade
“The exchange advised shippers to evaluate alternative routes through other ports but to expect increased congestion at neighboring hubs. Shippers should also plan for extended delays amid longer dwell times at major ports, and adjust inventory levels and delivery schedules accordingly.”
[FreightWaves]
S. Korea, Thailand launch first round of talks for trade deal
“An EPA is intended to establish a mutually beneficial trade network with partner nations beyond simple market opening, though it covers a smaller scope of areas compared with a traditional free trade agreement.”
[Yonhap]
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