US/China Trade War Continues

by | Jun 20, 2018

This week saw another bout in the US/China trade spat, as President Trump ordered for $200 billion in Chinese imports to be identified for 10 percent additional duty – with another $200 billion after that if Beijing retaliates.

Trump had previously promised to place tariffs of 25 percent on $50 billion with of Chinese products which starts  July 6. Leading economists are concerned that this latest announcement may well contribute to the slow down of China’s economic growth.

The world’s second biggest economy – and currently biggest contributor to global growth – is already showing signs of slowing down as the trade dispute with the U.S. risks spiraling into a fully blown trade war.

It remains to be seen whether China will retaliate to this latest development.

 

For information on UniOcean Lines, the 21st-century carrier, please email si@unioceanlines.com.

Follow Us:

21st Century Representation

Interested in the many benefits of UniOcean Lines representation? Please complete our online Application Form.

The 21st Century Carrier

Find out how we combine the best of carrier and the best of local services through common goals.

More News…..

Partnership for Bangkok Port Terminal

PSA Thailand, a wholly-owned subsidiary of the global port operator PSA International, have announced a joint venture to develop and operate the Thai Prosperity container terminal in Bangkok, along with locally based logistics firm SCG. The two companies have formed...

Panama Canal Increases Draft Limit

After a period of very dry weather, the region around the Panama Canal has recently received enough rain to enable bigger vessels to travel through it.This year's lack of rainfall had resulted in many reductions in the draft size of vessels permitted through the...

2019 Asia North Europe Schedule Launched

The 2019 instalment of the UniOcean Lines Asia Europe Service Directory has just been released, which includes all major inbound and outbound loops and services operating in the trade, being the most comprehensive sailing schedule available on the market. The...

Share This