US-CHINA Trade War – winners or losers?
6th, 2018. New war as started. Trade war.
US imposed a 25% tariff on US$34 BILLION. That was the first in a series of taxes imposed during 2018-20109. The trade war is ON!
While China enjoyed trade benefits for decades, the US government realized they are starting to lose their power and control over global trade (and some of the Political strength).
Complex political interests will always affect global trade and global freight, eventually, impact our personal & business life.
For importers and exporters, this trade war has made a huge impact, making stakeholders very sad or very happy, and that depends on which side of the map you are on.
One thing did not change – cargo needs to arrive and be sent from/out of the US & China. The busiest lines in the world.
While both sides are pulling their direction, some have to celebrate the uncertainty as china is the “world biggest factory for production,” starting to lose grip & production to other countries such as Vietnam, Chile, and Malaysia. Also, Hong Kong, Mexico & South Korea.
Like any other war, there are more losers than winners. In the end, importers & exporters suffer from supply chain disruptions, end-users pay more for the same products and services.
To keep the supply chain agile and resilient – cargo owners must be highly connected to their customers & logistics partners’ needs and demands, use internal and external information and capabilities to minimize extra costs, and keep their good reputation.
A digital freight workspace to keep track, manage, and automate manual tasks will be the solid ground for supply chain resilience. In times of uncertainty – focus and agility is the name of the game.
Learn how CargoZone can help your organization to be sharp and focus on what’s matters the most.
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