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U.S Commerce Dept eyes car imports after China cuts tariffs

Donald Trump with US car industry leaders. The president has repeatedly stated his frustration at the difference between US tariffs on passenger vehicles and higher duties elsewhere. Photograph: Reuters   The review could result in tariffs, akin to similar investigations into steel and aluminum imports that concluded earlier this year.   The U.S Commerce

Protests worldwide against US idea of auto import tariff

Beijing (AP) - China, Japan and the European Union condemned Thursday the Trump administration’s decision to launch an investigation into whether tariffs are needed on imports of vehicles and automotive parts into the United States. President Donald Trump invoked a provision authorizing the president to restrict imports and impose unlimited tariffs

Container industry may face feeder vessel shortage

SeaIntel says if charter rates for feeders increase, the pricing spread between services calling direct port-port pairs and trans-shipment products could widen.   The container shipping industry faces an “impending shortage of feeder vessels,” says SeaIntel, a Copenhagen-based research firm. “We found that the phase-in of the new large vessels in 2018-2020 is

Bolloré charged for corruption in Africa, firm denies

 ...Vincent Bolloré, CEO and master dealmaker placed under formal investigation.   A logistics powerhouse in Africa, the French company allegedly “provided discounted communications advice” in Guinea and Togo in exchange for licenses to operate container ports. Bolloré Group, which has extensive logistics and port operations in Africa, is denying charges of corruption in a probe

Panalpina reports increased airfreight volume, continued slump in ocean freight sector

Switzerland-based forwarder Panalpina released its financial results for the first quarter of the year, reporting increases in overall profitability, with earnings before interest and taxes (EBIT) up in its Air Freight and Contract Logistics divisions, but down in its weakening Ocean Freight division. Overall EBIT came in at US$25 million, a