USTR says China tariff increase to take effect Friday
The agency on Wednesday officially announced that tariffs across $200 billion worth of goods will increase to 25 percent on Friday.
2 months ago
We are seeing many more pricing requests for Southeast Asia and the Indian subcontinent. Few actually moved their supply chains outside of China because this will take time, especially for larger shippers. However, Taiwan and South Korea are in a unique situation: Some manufacturing had shifted to mainland China in the last decade due to lower costs, but that infrastructure is still in Taiwan and South Korea. Some manufacturing may temporarily shift back there until Southeast Asia infrastructure catches up.
South Carolina Ports Authority reported its busiest May in history as it handle 204,457 TEUs. Overall, its fiscal year-to-date totals are up 9.7% to 2.2 million TEUs.