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British Airways Turns to Arbitration to Avert Pilot Strike

Bloomberg | July 05, 2019 | Air Cargo | Airlines

British Airways is entering mediated talks with pilots in a bid to head off a walkout over pay at the height of the summer travel season.

America’s Tough Industrial Core Is Showing Cracks

Bloomberg | July 05, 2019 | International Trade

Port of Oakland hails Fourth of July with flag-waving ship
Maritime
AJOT | Top Story | July 05, 2019

Port of Oakland hails Fourth of July with flag-waving ship

CMA CGM Ivanhoe makes big splash at Golden Gate Bridge
time:matters extends Sameday Air network to China

AJOT | July 05, 2019 | Air Cargo | Air Forwarders

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Asian countries set to make gains as the USA threatens additional tariffs on clothing imports from China

AJOT | July 05, 2019 | International Trade

Several Asian countries look set to make gains in the US clothing import market if the USA carries out its threat to impose additional tariffs on clothing imports from China, according to a report in issue 42 of Global Apparel Markets from the global business information company Textiles Intelligence. The USA has begun the legal process which is necessary to impose additional tariffs on virtually all remaining imports from China which are not already subject to the tariffs, including clothing, after it imposed additional tariffs on US$200 billion worth of imports from China in May 2019. China continued to be the USA’s largest clothing supplier in 2018, and imports from the country rose during the year to a record high. However, the average price of US clothing imports from China fell to its lowest level on record, and China became the cheapest supplier among the leading ten. Suppliers in China have been under pressure in recent years to reduce their prices in order to maintain order volumes. But if additional tariffs are imposed, the landed prices of imports from these suppliers will rise and this will negatively affect imports from the country. As a result, the switch in sourcing away from China which has been apparent in recent years will accelerate, and other major supplying countries in Asia, especially India and Vietnam, are likely to make gains. Also set to benefit are the industries in Bangladesh, Cambodia, Indonesia and Sri Lanka -- despite the fact that US imports from each of these four countries have either stalled or declined in recent years. In South and Central America, however, suppliers in El Salvador, Honduras and Mexico are likely to continue to struggle to maintain orders. In order to offset any decline in US clothing imports from China, and maintain production levels, Chinese producers may set up outward processing arrangements (OPAs) with their counterparts in other Asian countries so that the operations which determine a garment’s origin, such as sewing, are performed in other countries while operations which do not affect a garment’s origin, such as minor sewing, finishing and packaging, are carried out in China. Garments manufactured in this way would be deemed to have originated in other Asian countries, rather than China, and as a result they would not be subject to additional tariffs. However, it is still not certain whether the additional tariffs on imports of clothing will be imposed at all.

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Three global cargo logistics networks all join WOC

AJOT | July 05, 2019 | Project / Heavy Lift

World Ocean Council - the Global Blue Economy Business Organization - Expands its Scope Significantly with Three Leading International Cargo Logistics NetworksThe World Ocean Council is proud to announce that Worldwide Project Consortium (WWPC),

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Smooth flight for AirBridgeCargo’s ‘special passengers’

Air Freight News | July 05, 2019 | Air Cargo | Freighters

AirBridgeCargo Airlines (ABC) has been consistently developing its dedicated ‘abc care’ product to cater to the needs of the customers transporting live animals.

India Plans Aircraft Financing, Plane Leasing as Aviation Booms

Bloomberg | July 05, 2019 | Air Cargo | Airlines

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German Factory Orders Plunge Across Industries

Bloomberg | July 05, 2019 | International Trade

German factory orders slumped in May in the latest sign that global trade uncertainty is turning Europe’s temporary slowdown into a more serious downturn.

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Vietnam Moves to Ease U.S. Tension With Trade, FX Monitoring

Bloomberg | July 04, 2019 | International Trade

Vietnam Prime Minister Nguyen Xuan Phuc ordered government officials to intensify their crackdown on fraudulently mislabeled products for exports and closely monitor U.S. reactions to the nation’s monetary policy to avoid drawing rebukes from the Trump administration.

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Samsung Profit Halves as Downturn Wallops Chips and Smartphones

Bloomberg | July 04, 2019 | International Trade

Samsung Electronics Co.’s quarterly profit more than halved after a global industry downturn and trade tensions hammered demand for its chips and high-end smartphones.

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South America Eyes Trade Deal With Trump After Scoring EU Pact

Bloomberg | July 04, 2019 | International Trade

Fresh off their first major trade pact, South American leaders are already eyeing a bigger market: the U.S.

U.A.E. Rail Operator Seeks Adviser to Raise Up to $3 Billion

Bloomberg | July 04, 2019 | Intermodal | Rail

Crunch Time Looms for Trump’s New Nafta
International Trade
Bloomberg | Top Story | July 04, 2019

Crunch Time Looms for Trump’s New Nafta

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Indonesian President to Overhaul Cabinet Amid Trade Fallout

Bloomberg | July 04, 2019 | International Trade

As Malaysia Bans Sand Exports, Singapore Says It’s Using Less

Bloomberg | July 04, 2019 | International Trade

U.S. Slaps Duties on Steel From Asia in Trade Enforcement Action

Bloomberg | July 03, 2019 | International Trade

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