Latest news from Heavy Lift & Project Forwarding International Magazine

Tariff hikes cause concern

The escalating bilateral trade war between the USA and China is reverberating across international markets.

Last week, US President Donald Trump increased the tariffs on approximately USD200 billion of goods imported from China to 25 percent. China has said it will retaliate in kind and will raise tariffs on USD60 billion of US goods effective June 1.

The American Association of Port Authorities (AAPA) said that tariffs harm all Americans as the increased cost of goods imported and exported are felt throughout the nation.

“Whether it is a US small business or a US manufacturer who uses Chinese goods, or a US farmer who wants to export their products to China and are impacted by retaliatory actions, tariffs hurt our economy and every American,” said Susan Monteverde, AAPA’s vice president of government relations.

The association has asked the US administration to rescind the decision to increase the tariffs and recommends that the process to impose 25 percent tariffs on the remaining USD325 billion on Chinese imports be postponed.

The escalation of bilateral trade tensions has negatively affected stock markets. Asian markets fell on Tuesday after Wall Street closed with sharp losses.

China's trade surplus with the USA is the result of unfair practices, such as widespread state support for domestic companies, argues the USA. It also accuses China of stealing intellectual property from US firms.

www.aapa-ports.org

Heavy Lift | News

Jan De Nul secures Kriegers Flak work thumbnail image

Jan De Nul secures Kriegers Flak work

August 16 - Jan De Nul Group will transport and install 72 Siemens wind turbine generators – with a capacity of 8.4 MW each – for the Kriegers Flak offshore wind farm in Denmark.
Views: 417
The scrubber solution for GHG emissions thumbnail image

The scrubber solution for GHG emissions

August 16 - Advocates of exhaust gas cleaning systems (EGCS) are championing the use of the technology as a way to reduce global CO2 emissions, as well as complying with the looming IMO sulphur 2020 regulations.
Views: 338
Easter takes on Daseke interim CEO role thumbnail image

Easter takes on Daseke interim CEO role

August 16 - Chris Easter has been appointed interim ceo of North American specialised transport provider Daseke following the retirement of Don Daseke.
Views: 354
SAL Heavy Lift Day returns thumbnail image

SAL Heavy Lift Day returns

August 15 - The fourth SAL Heavy Lift Day will be held at the Steigenberger Hotel in Hamburg on September 18, 2019.
Views: 689

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.