Caixin
Aug 10, 2018 04:57 AM
ECONOMY

Exporters Accelerate Shipments as Trade War Takes Hold

Traders are rushing to load their goods on board as trade war heightens. Photo: VCG
Traders are rushing to load their goods on board as trade war heightens. Photo: VCG

It has become almost impossible to get shipments loaded on trans-Pacific cargo ships as the trade war between China and U.S. escalates, shippers say.

Companies exporting goods to the U.S. are trying to accelerate shipments to beat scheduled and threatened new tariffs. Meanwhile, shipping companies are canceling departures and cutting capacity in anticipation of reduced demand.

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