By Gavin van Marle (The Loadstar) - Container shipping lines on the transpacific trade this week continued to announce capacity cuts in response to the US-China trade war. Following last week’s news that both the 2M and The Alliance groupings would suspend a service each this summer, the latter announced this week it would also withdraw its PSW4 loop at the end of … [Read more...]
Japan, EU Sign Free Trade Pact Amid Worries About Trump
By Stanley White TOKYO, July 17 (Reuters) - Japan and the European Union signed a wide-ranging free trade deal on Tuesday that both sides hope will act as a counterweight to the protectionist forces unleashed by U.S. President Donald Trump. The ambitious trade pact, which creates the world's largest open economic area, comes amid fears that a trade war between the United … [Read more...]
China’s Growth Slows as Trade Row Stirs Concerns on Outlook
By Kevin Yao and Fang Cheng BEIJING, July 16 (Reuters) - China's economy expanded at a slower pace in the second quarter as Beijing's efforts to contain debt hurt activity, while June factory output growth weakened to a two-year low in a worrying sign for investment and exporters as a trade war with the United States intensified. The world's second-largest economy grew … [Read more...]
China’s Imports to U.S. Ports Peaking Early Amid Tariff Threat
By Lisa Baertlein LOS ANGELES, July 13 (Reuters) - Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products. Retailers such as Walmart Inc and Amazon.com face uncertainty due to U.S. President … [Read more...]
Alaska Officials Still Bullish on China Natural Gas Pipeline Partnership
By Yereth Rosen ANCHORAGE, Alaska, July 11 (Reuters) - Alaska officials on Wednesday said they remain confident that China will help the state achieve its decades-old dream of building a pipeline to carry now-stranded natural gas from the North Slope to markets, despite growing U.S.-China trade tensions. China is expected to buy about 75 percent of the liquefied natural gas … [Read more...]