US EditionDemand slump fuelled by Trump tariffs hits US ports and air freight
- US tariffs on Chinese imports disrupt trans-Pacific trade flows starting in late April 2025.
- Earlier this month, Washington imposed 145 percent duties on imports from China.
- Transport companies and air handlers report steep drops in cargo volumes from China.
- Container tracking firm Vizion reported bookings from China to the US dropped 45 percent by mid-April.
- Analysts warn US tariffs on pharmaceutical imports could affect Irish banks' profits.
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How a Trump-Fueled Trade War Will Impact the US Economy
President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home. Since the US raised levies on China to 145% in early April, cargo shipments have plummeted, perhaps by as much as 60%, according to one estimate. That drastic reduction in goods from one of the largest US trading partners hasn’t been felt by many Americans yet, but that’s a…
·United States
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Financial Times+3 Reposted by 3 other sources
Demand slump fuelled by Trump tariffs hits US ports and air freight
Bookings plunge as importers hold off on shipping goods to America in hope of Beijing-Washington deal
·London, United Kingdom
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Coverage Details
Total News Sources26
Leaning Left3Leaning Right0Center1Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
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