Trade war,also called “commercial war”,refers to a serious of retaliatory and counter-retaliatory measures that some countries restrict foreign goods to enter domestic market through tariff barriers and non-tariff barriers,at the same time,fight for foreign markets through the dumping and foreign exchange depreciation and so on.
The latest focus in recent days has undoubtedly been the China-US "trade war",and it has been averted after two day’s intense negotiations.
From the perspective of the trade categories, China has concentrated its export products in the middle and low-end manufacturing sectors,while imports are mainly in agricultural products and products of high-end manufacturing industries.The mode of export trade is mainly container shipping, and the import trade depends on bulk cargo transportation, which combines container shipping.According to the general administration of customs, bilateral trade between China and the United States totaled $583.7 billion in 2017.Among them,China exported $429.8 billion to the U.S.,in which $315 billion was by sea,and container trade volume of export was about $10.64 million TEU.And China imported $153.9 billion from the U.S.,in which $84 billion was by sea,and container trade volume of import was about $2.74 million TEU.It is hard to imagine how such a huge collapse in trading volumes and trade demand would have a serious negative impact on the shipping industry in both countries and the world if a trade war between China and the United States continues.
With the end of the trade war, the import and export trade between China and the United States will be restored.These goods such as soybeans, fruits, livestock products, automobile parts, oil and natural gas, have mostly been transported by sea, which has restored and prospered the shipping market between China and the United States.For example,the America import by container might fall due to the China-US trade war.If container shipping demand drops,overcapacity will lead to a drop in freight and revenue across the trans-pacific trade routes.Thus, the end of the trade war between China and the United States will bring prosperity to both shipping markets.
With the end of the trade war, the trade between two countries will present positive momentum,which may attract more enterprises and investors to invest in the construction and expansion of ships, ports and wharves and accelerate the development of marine high technology such as cold chain logistics technology to promote the economic and trade development of cities along the port.
With the end of the trade war,the resumption of trade will increase the employment of both countries.More sailors will not be laid off due to the depression of shipping industry in the past under the trade war,which will improve people’s livelihood.
With the end of trade war,the resumption of trade between two countries will help stabilize energy prices.The EIA estimates that the U.S. natural gas production will continue to rise to 2050, and the liquefied natural gas (LNG) are expected to dominate the U.S. export flows.Due to the completion of LNG export facility,the LNG export of America is expected to increase sharply in the future,especially for countries in Asia.The friendly relations between two countries will also promote maritime trade security and create a sound environment for maritime transport.
Sources:XINDE MARINE NEWS
Please Contact Us at：
admin@xindemarine.com
.gif)
Ningbo Containerized Freight Index Weekly Commentar 
Ningbo Containerized Freight Index Weekly Commentar 
BIMCO Shipping Number of the Week: Bulker newbuildi 
Ningbo Containerized Freight Index Weekly Commentar 
Ningbo Containerized Freight Index Weekly Commentar 
