Chinese import volumes have remained strong and there has been rising congestion at both ports in China and the US and the expectation remains that this is not about to change.
The imposition of 10% tariffs on all Chinese imports into the US was, according to the BBC’s Ross Atkins, an attempt to prevent US consumers being “ripped off by the rest of the world”, and for America to be self-reliant.
It is questionable whether tariffs of 25% already in place since 2018 have had any impact, with the latest port congestion data showing that delays are occurring in China and the US.
