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Industry News

  • Proposed Tariff Could Increase from 10% to 25% on $200 Billion Worth of Chi… August 10, 2018 On July 10th, 2018, at the request of President Trump, the U.S. Trade Representative (USTR) has initiated the process of imposing an additional 10% ad valorem duty on an extensive list of Chinese imports. The proposed tariffs are in response to a Section 301 investigation into China’s unfair trade policies. The USTR has said that the proposed tariff increase is intended to provide the administration ...
  • Renegotiation of the U.S.- Korea Free Trade Agreement July 26, 2018 The United States and South Korea have come to an understanding on revisions to the U.S.- Korea Free Trade Agreement (KORUS). The U.S. trade deficit with South Korea grew from $16.6 billion in 2012, when KORUS was implemented, to $28.3 billion in 2015. It has been declining since 2015. Administration officials confirmed that the U.S. and Korea will make multiple changes to ...
  • Ultra-Large Vessel Deliveries Expected to Cause Major Changes July 22, 2018 There is the potential for major changes to the shipping industry in 2018. SeaIntel predicts that there will be 108 ultra-large container vessels delivered in 2018, more than doubling the current number in operation. There are currently three major global alliances that control the east-west container trades: Ocean Alliance, The Alliance and 2M. The majority of ultra-large container vessel (excess of 14,000 TEU) ...




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