Us decides to impose import duties on another 200 billion us dollars of Chinese goods! Bring great uncertainty to shipping!

Published in:2018-07-31

Just now, the trump government released a list of 10 % tariffs on China's 200 billion us dollars of goods, fulfilling trump's recent threats.
" the us $ 200 billion we have seen is roughly equivalent to their exports to us," said a senior government official. The tariff will not take effect immediately, but it will go through a two-month review process and a hearing will be held from August 20 to August 23.

In compiling the list of commodities, the us trade representative considered the factors that may cause damage to the Chinese economy.
U.s. trade representative Robert lighthiker said in a statement: " for more than a year, the trump government has been patiently urging China to stop unfair practices, open up the market and engage in real market competition. "
" China has begun to retaliate against us products, not to resolve our legitimate concerns," he added.
Prior to the release of the new sanctions list, trump warned that if the Chinese government retaliated against the us $ 34 billion tariffs imposed last Friday, he might levy tariffs on at least us $ 500 billion of Chinese goods.
After imposing 34 billion us dollars of sanctions on China last week, China imposed retaliatory tariffs on the United States. Trump has repeatedly threatened to escalate trade conflicts with China. Disputes with the Chinese government have disrupted global financial markets, including global trade in stocks, currencies and commodities from soybeans to coal.
It also brings great uncertainty to the global economy and shipping market.
The peak season is not prosperous, the market is weak, the oil price is rising, and globalization is back. what do you think of the future of shipping and the future of individuals?