Weekly Logistics News Headlines: Tariff Updates, Chinese Lockdowns
A fresh batch of pandemic lockdowns has hit several Chinese cities, limiting productivity at factories and ports. Shanghai is the latest location to see robust shutdowns. Meanwhile, stateside ports fear a whiplash effect in the coming weeks that would spike import volumes and further strain operations.
The U.S. and UK have reached an agreement that settles a trade dispute dating back to the Trump administration. The new agreement cuts tariffs on UK steel and aluminum as well as outbound American products like bourbon and motorcycles.
The United States has brought back 352 tariff exclusions that expired in 2021. According to reports from Reuters, the reinstatement will be effective retroactively from October 12, 2021, and on to December 31, 2022.
Canadian Pacific has resumed services following a brief pause in response to labor disputes. The rail carrier shut down operations for two days while negotiations took place with union members. A quick return to normal operations avoids more severe disruptions at Canadian ports and headaches for U.S. agriculture.
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