90-Day Tariff Break Risks Major Shipping Disruption, Says Report

4/24: CBS Morning News

President Trump signals de-escalation in trade war with China; Loneliness more common among middle-aged adults in U.S. and Netherlands, study says.

Macroscope | Why Asia’s savings glut is back in spotlight amid Trump’s trade war

Some of Asia’s excess savings invested abroad are bound to return home, but whether that trickle becomes a flood is open to question.

US weakness exposed as US-China trade war paused

On 12 May, little more than a month after Trump launched massive tariffs on China on 2 April, a ceasefire in the US-China trade war was declared. The crippling tariffs, which effectively meant each country’s economy was sealed off from the other, have now been paused for 90 days.

US-China Tariff Truce Triggers Cargo Stampede, Scramble to Diversify Beyond China: Analysts

News Analysis When word broke on May 12 that Washington and Beijing had agreed to a 90-day tariff pause, containers quickly piled up at Shenzhen’s Yantian International Container Terminal, the port that handles more than a quarter of U.S.-bound cargo. U.S. duties dropped from 145 percent to 30 percent and China’s from 125 percent to 10 percent. Within a day, rows of outbound boxes jammed major Chinese docks, carriers were quoting peak-season sur…

It is unclear what will happen after the 90-day customs truce.

90-day tariff break risks major shipping disruption, says report

The surprisingly announced 90-day tariff pause in the trade war between the US and China could destabilize global maritime trade more than the tariff increases imposed so far.