The amount of goods transferred from China to the United States fell sharply, according to the British Financial Times from the operators of containers and air shipping ports, in the appearance of the effects of the trade war launched by President Donald Trump on Beijing.
Logistical services groups have reported a sharp decrease in container reservations to the United States since customs duties were imposed by 145% on Chinese imports to the United States.
Expected
The Los Angeles Port, the main path of transporting goods from China, expects that the arrival dates scheduled for the week that starts on the fourth of May will be less than a third of the previous year, while air freights also reported a sharp decrease in reservations.
Standard vehicle reservations with 20 feet from China to the United States decreased by 45% from the previous year by mid -April, according to the latest data available from the container tracking service (VITO).
The British newspaper quoted the Secretary -General of the International Chamber of Commerce, John Denton as saying that the disturbances of trade flows between China and the United States reflect the “delay in the decisions” pending knowledge of the extent of Washington and Beijing to an agreement to reduce customs tariffs.
A poll of the International Chamber of Commerce, which was conducted in more than 60 countries after Trump announced the tariffs on “Tahrir Day” (April 2), showed expectations of the trade being affected consistently, regardless of the outcome of the upcoming negotiations.
Denton added that the cost of access to the American market will be the highest in the 1930s. Referring to the basic tariff for all countries, he said that there is “almost complete acceptance that 10% will be the minimum access to the American market, regardless of any other doubts that may exist.”
Washington and Beijing showed signs of the start of the feeling of influences, as the two sides announced this week about some customs exemptions on important products for their economies, and Trump expected that the 145% tariff “will decrease dramatically”, however, China said on Friday that it was not talking to the United States.
While the first container shipments from China, which will face customs duties, are scheduled to arrive next week, shipping operators said that supply chains are witnessing shifts.
Nathan Strang, the director of the marine shipping group, said that companies are suspending shipping goods in anticipation of the Washington and Beijing agreement on a deal to reduce the fees.
Executive officials in the logistical services sector said that American importers are looking to use stacked stocks before importing new stocks from China, and they also keep stocks in customs warehouses – where they can be stored – exempt from customs duties while paying taxes when clouds, or transferring it to other neighboring countries such as Canada.
Abolition
Hapag Lloyd, one of the largest container shipping companies in the world, said that Chinese customers canceled about 30% of its reservations from China.
The Taiwanese container shipping company (TS Lines), listed on the Hong Kong Stock Exchange, is one of its services from Asia to the western coast of the United States in recent weeks, and one of the group said: “The demand is weak.”
According to the Charging Data Analysis Company (CE Ingness), the decrease in the sizes of requests for container landing operations in Los Angeles was reflected, as the company reported a noticeable rise in “empty cruises”, where the trips of the scheduled ships from China were canceled.
The number of containers reserved on Asia’s lines to North America decreased during the four weeks starting from May 5 by 400 thousand containers from what was planned; 25% decreased from the number scheduled for the same period at the beginning of March before the imposition of customs duties.
Los Angeles port alone expects 20 empty cruises in May, representing more than 250,000 containers, an increase of 6 trips in April.
This represents a sharp decrease from this week, as the number of ships connected to 56% on an annual basis increased, indicating that importers were delivering shipments from other manufacturing centers in Southeast Asia such as Cambodia and Vietnam, which has a “stop” period for 90 days in customs tariffs.
According to data from the Logistics Center (Fritus), container prices reflected the conversion of the supply chain, with a 15% increase in the 40 -foot container from Vietnam compared to a 27% decrease on the main tracks between China and the United States.
“Shipping prices from other Asian countries to the United States may continue to rise before the deadline for customs tariffs in July,” said Guuda Levin, head of the research department in Freitos, said.
The sizes of air charging decreased sharply, according to the Union of US Air Cargo Agency, as its members’ reservations from China decreased by 30%.
“Many members have stopped receiving requests from China,” said CEO, Brandon Farid, as this causes a volatile effect on prices and reservation rates, as merchants interacted with every news issued by the White House.
https://www.youtube.com/watch?v=qx1phljxten
Expected damage
The air freight sector is expected to be harmed more than the United States’ decision to close the “Minimum” program that allowed the import of less than $ 800 dollars exempt from customs duties, an important path for retailers in e -commerce such as Shin and Timo, and customs exemptions on Chinese goods are scheduled to be canceled from May 2.
Lavinia Lao, commercial president of Cathy Pacific in Hong Kong, whose air freight works with about a quarter of her revenues contribute to her that she expects a “decline” in demand between China and the United States due to customs duties and “minimal” bases changes.
The Air Shipping Company, “Ezi Wi -Aire Frait” in Hong Kong, announced that the business from China to the United States decreased by about 50% after customs duties.
