ECONOMICS

Exactly two weeks after Trump delayed tariffs on most non-China countries by 90 days, and a week after the president exempt most Chinese consumer electronics exports from US duties, the FT reports that Trump is set to spare carmakers from some of his most onerous tariffs following intense lobbying by industry executives over recent weeks.

The move would exempt car parts from the tariffs that Trump is imposing on imports from China to counter fentanyl production, as well from those levied (more…)

The Trump administration is likely monitoring sliding scheduled import volumes at the Port of Los Angeles—the largest container port in the Western Hemisphere—amid President Trump's overnight remarks hinting at a potential de-escalation in the trade war with China. The president's comments to ease trade tensions with Beijing come as scheduled import volumes at the LA Port indicate possible inbound trade disruptions on the horizon. 

According to Port Optimizer, a tracking (more…)

By Eric Kulisch of FreightWaves

U.S. plans next month to cancel tariff-free access for low-value parcel shipments from China and Hong Kong, coupled with a new 145% tariff rate on Chinese imports, could bleed more than $22 billion in revenue from the air cargo sector over three years and put thousands of online sellers with direct-to-consumer fulfillment models out of business, according to an e-commerce and logistics consulting firm. 

Derek Lossing, the founder of Cirrus Global (more…)