diminishing for a pickup in container shipping rates from Asia to the U.S. as
global trade tensions escalate, according to Bloomberg Intelligence.
last week it would match a decision by the U.S. to impose tariffs on some goods
imported from the Asian Country starting July — that’s when the box-shipping
industry’s peak season typically begins as retailers stock up ahead of the
Container shipping rates to Los Angeles, the
biggest U.S. Port, from Shanghai fell 4.5 percent in the week ended June 14,
the most in 11 weeks, while those to Rotterdam dropped 1.1 percent.
The trade war
between the US and China, analysts observe, would weaken the world’s two
largest economies and besides souring up the bilateral relations between
America and China, it would crimp global growth. Ultimately, this mutual
imposition of tariffs on the products of the other will end up the customers
paying more, customers of both the countries.
effect of the riskiest trade war on the shipping industry too will not be