16-April-2025
Corporate News
 
China's ports stall as US tariff hike to 145% hits trade, halts factories
15-Apr-2025

Major ports and provinces engaged in foreign trade in China are beginning to show the initial effects of the ongoing tariff conflict between the two biggest economies in the world, as reported by Radio Free Asia. By Thursday, hardly any cargo ships were headed to the US from the once-bustling ports of Shanghai and Guangdong, while export factories in provinces vital to China's export economy have largely come to a standstill, according to sources within the country, as highlighted by RFA.

News Source:- https://www.business-standard.com/world-news/china-s-ports-stall-as-us-tariff-hike-to-145-hits-trade-halts-factories-125041400381_1.html