04 Jun 2023

China’s manufacturing activity weakened further in May, falling short of expectations.

  The official manufacturing purchasing managers’ index (PMI) came in at 48.8, down from 49.2 in April. This marks the second consecutive month that the PMI has fallen below the 50-point mark, which separates contraction from expansion. The decline in the PMI was driven by a number of factors, including weaker demand, rising costs, and […]

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23 Apr 2023

Over the past five years, Vietnam has experienced a significant increase in container exports to the United States, with a growth rate of 156%

Xeneta’s data reveals that Vietnam is rapidly emerging as a source of manufactured goods for the United States, effectively challenging China’s stronghold in the Trans-Pacific container trade. A variety of factors, including geopolitical tensions, reshoring, and changes in foreign investment flows, are reshaping global trade patterns. Container imports from Asia to the U.S. have increased […]

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18 Apr 2023

Exporters at China’s Biggest Trade Fair Express Concerns about Weak Global Economy

Chinese exporters displaying their products at the largest trade fair in the country have expressed concern that their businesses are being impacted by the weak global economy. Some have even frozen investments and reduced labor costs in response. The subdued mood at the Canton Fair in Guangzhou suggests that China’s unexpected surge in exports in […]

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17 Apr 2023

China Supply Chain

Canton Fair: Exporters from China adopt a more assertive approach as they compete for foreign buyers.   China’s Canton Fair, also known as the China Import and Export Fair, the country’s largest and oldest trade fair, has resumed in-person exhibitions after three years of being held online due to the pandemic. The fair, which began […]

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09 Apr 2023

Container Glut at China’s Container Depots

  The slowdown in exports has China’s box depots facing a container pile-up. The latest report from Container xChange suggests that Chinese container depots are working at 90% utilization. “Oversupply makes it harder for the depots to move boxes. And because depots make money by moving these boxes, as opposed to storing them, the current […]

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16 Mar 2023

USTR confirms tariff cutting not on the Biden trade agenda

U.S. Trade Representative Katherine Tai on Thursday rebuffed appeals from senators to begin negotiating trade agreements that would cut tariffs on U.S. agricultural exports. “At this moment we do not have tariff liberalization negotiations going on with a partner,” Tai told the Senate Finance Committee. Tai left open the possibility for that to change, saying […]

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15 Mar 2023

ITC Study proves effectiveness of China Tariffs on boosting Domestic Production reducing dependence on Imports

  The Coalition for a Prosperous America (CPA) today released a statement regarding a report by the U.S. International Trade Commission (USITC) analyzing the effects of Section 232 and Section 301 tariffs on more than $300 billion of U.S. imports. The USITC report found that the tariffs reduced imports from China, effectively stimulated more U.S. production of […]

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