Container shipments from China to the United States have plummeted since President Donald Trump ramped up the trade war, with some business executives and experts warning of major supply chain disruptions.
Bookings of containers shipped from China fell 64% from the end of March through the first week of April, when Trump unveiled new tariffs, according to Vizion data cited by Unlimited CIO Bob Elliott.
Trump enacted a 145% “reciprocal tariff” on China. China hit back with 125% tariffs.
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Ocean carriers have already canceled 81 shipments for April across the Pacific Ocean, according to container shipping expert John McCown. This figure far outpaces the 51 shipments that were canceled during the peak of the COVID-19 pandemic.
“The economy has COVID, except there is no PPP or
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