The Financial Times reported that American container port operators and freight air cargo managers reported a sharp decline in the volume of goods from China against the backdrop of US President Donald Trump imposing import tariffs.
Following the US imposition of tariffs, the number of container transportation orders has plummeted sharply. According to the latest data from container tracking service Vizion, by mid-April, standard container orders from China to the United States decreased by 45% compared to a year ago.
On April 2, Trump signed an order to impose "reciprocal" tariffs on imports from other countries. The benchmark tariff is 10%, and since April 9, the additional tariffs have been calculated based on the trade deficit between the US and specific countries: aiming to replace deficits with surpluses. However, on April 9, the US leader announced that more than 75 countries did not take retaliatory actions and requested negotiations; therefore, the benchmark import tariff of 10% will be imposed on all countries except China within 90 days.
After a series of measures in the trade war, the additional "reciprocal" tariffs on Chinese goods by the US have reached 125%, and the retaliatory tariffs imposed by China on US goods have also reached 125%. In addition, the US imposed an additional 20% tariff on China under the pretext of failing to combat synthetic drugs.
Source: https://www.toutiao.com/article/1830632022821888/
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