Trade Dispute with China Threatens US Container Exports

A day after President Trump ordered tariffs on $50 billion of Chinese imports, China clapped back by imposing $3 billion per year of tariffs on U.S. pork, aluminum, steel pipes, fruit, and wine. The commodities that China threatened retaliatory tariffs on made up 3.1% of the 2.8 million TEUs in total U.S. containerized exports to[…]