The important shipping containers company, Hapag-Lloyd, said its customers have canceled 30% of China’s orders to the United States, since President Trump’s rigid tariffs cause chaos worldwide.
Meanwhile, there has been a “mass increase” in the demand for shipments from Thailand, Cambodia and Vietnam, to Reuters, which is one of the largest in the world in the world.
“We see that these reserves increase significantly. But the market is narrower than the Chinese, so the increase in Southeast Asia cannot compensate for China’s cancellations,” a Hapag-Lloyd spokesman told The Post.
The nations are popular manufacturing alternatives to China, a key center for the production of products such as electronics, toys and clothing, which have slapped with an average rate 145% in the Trump tariff war. China retaliates with a 125% tax on US imports.
Customers began canceling orders and mass when Trump on April 2 announced their so -called “reciprocal” tariffs, a parent rate or hard in many nations, the shipping company told The Post.
Since then, the president has put on most of these tariffs for 90 days, placing a 10% tax as global leaders meet for negotiations.
As commercial tensions are heated, Hapag-Lloyd has been using smaller boats in some cases to send containers to the United States, a spokesman told Reuters.
Some US companies can transmit additional costs of consumer tax, walking through their prices, while small businesses warn that Loey Won can pay for orders for the second half of this year.
Without an agreement for lower rates, buyers could begin to see that store shelves are thinned by summer as companies reduce and cancel orders, industry experts said to the post.
Hapag-Lloyd, which has a market capitalization of approximately $ 27 billion, warned in its 2025 prognosis of a blow to the profits.
“The economic and geopolitical environment is still fragile,” said CEO Rolf Habben Jansen in a statement. “In this context, we anticipate that profits in 2025 are lower than in 2024”.
On Tuesday, Trump gave investors and companies the hope of a respite, indicating that the lowest tax rates on China could be in process.
The 145% rate in China is “very high, and it is not so high … no, it will not be close to that high. It will be reduced substantially,” Trump said.
Hello, he warned that “if they do not make a deal, we will establish the deal.”
The president also tracked his threat to say goodbye to the president of the Federal Reserve, Jerome Powell, and his administration hinted that commercial tensions between the United States and China are soon broken down, sending us to the actions that return late until late until Wednesday morning.
With publication cables
