US ports at mercy of reciprocal tariffs

Port of Los Angeles US ports including Los Angeles are being affected by the US-China trade war. Credit: Port of Los Angeles

The American Association of Port Authorities (AAPA) is supporting a new agreement for the US to abstain from further tariff increases on Chinese products for 90 days while it works with China to establish a longer-term trade deal which could protect business at US ports.

Following trade talks between the US and China, American Association of Port Authorities (AAPA) president and CEO Kurt Nagle said the announcement postponing the previously-planned start date for tariffs to increase from 10% to 25% on 1 January 2019 is encouraging news and evidence that progress is being made in trade negotiations, on which the fate of US exports and consequently trade flow and jobs at domestic ports could rest.

AAPA has previously expressed its concern for the impact of tariffs on ports and Mr Nagle again pointed out that ports are an important part of goods supply, processing and export for the US economy but “reciprocal trade sanctions from our trading partners” could increase the cost of US exports as well as reduce demand for them.

Integral to supply chain

“Activities at our ports support over 23 million American jobs. For every $1 billion in exports shipped through U.S. seaports, 15,000 jobs are created,” stated Mr Nagle. “With these reasons in mind, AAPA commends the decision to temporarily suspend another tariffs increase, and supports and encourages steps focused on expanding exports rather than creating new import restrictions.”

AAPA is a member of Americans for Free Trade, a broad coalition of American businesses, trade organizations, and workers united against tariffs.

In a joint statement with Farmers for Free Trade and Tariffs Hurt the Heartland, the coalition’s campaign spokesman and former congressman Charles Boustany said that the tariffs currently in place should be removed.

LATEST PRESS RELEASES

JLT Mobile Computers First to Sign Five-Year Navis Ready Agreement

Long-term commitment guarantees JLT rugged computers validation for use with all major releases of t... Read more

Update on competition filing – Chinese clearance still pending

TTS Group ASA ("TTS") announced on 8 February 2018 that the company had entered into an asset sale a... Read more

Update on the regulatory process: Closing of MacGregor's TTS acquisition postponed to Q2 2019

MacGregor, part of Cargotec, announced on 8 February, 2018 that it has entered into an agreement to ... Read more

LiSIM Simulator for Port Nelson in New Zealand

LiSIM Simulator for Port Nelson in New Zealand Read more

BAPLIE Viewer Online announces new website features and integration options

The online tool announced upgrades to functionality for working with BAPLIE files, providing increas... Read more

OPCSA Las Palmas to report its performance with DATAVIEW from DSP

December 2018 OPCSA successfully migrated its operation to NAVIS N4 and at the same time went live w... Read more

View all