U.S. based companies are feeling the economic pressures that are being caused by the latest rounds of Chinese trade sanctions and submitting their feedback, and the industry has scored an important victory in their negotiations in the exemption of shipping containers used by American businesses to transport their merchandise. Why It Matters According to JB Hunt and Schneider National testimony in the July 25 hearing, there are no American makers of the 53-foot intermodal shipping containers that the industry uses to transport … [Read more...] about Containers Not Included in Newest Round of US Tariffs
China’s foreign ministry announced that they would be open to talks about trade, one day after Beijing announced that business and trade deals would be scrapped if the United States decided to enforce tariffs on China. The United States and China have been going back and forth on the subject of tariffs, which could amount to more than $150 billion for each country if the tariffs go into effect. Past negotiations Secretary of Commerce for the United States, Wilbur Ross, met in Beijing on Sunday. He failed to make a public statement … [Read more...] about China Affirms Willingness to Talk Trade with U.S.