The US won’t suspend China tariffs during coronavirus outbreak – Supplychaindive.com says that Donald Trump 45 Vs The World 2020 Shirt US President Donald Trump continues to refuse to suspend tariffs during this outbreak saying there’s no reason for it. The focus of risk conversations in procurement has turned to COVID-19 as the outbreak is halting production and creating supply shortages, first in China and now around the world. Tariffs on billions of dollars worth of imports from China still exist and could compound a dire economic situation for many U.S. businesses. Analysts expect GDP shrinkage or a recession due to the pandemic and resulting social distancing and business closures. JP Morgan estimated U.S. GDP will contract 4% this quarter and 14% in Q2, before rebounding and growing again in Q3 and Q4, according to a research note. Bank of America said a recession is already here.
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ICS and ITF call on UN to urgently facilitate ship crew changes – Splash247 says that an increasing amount of Donald Trump 45 Vs The World 2020 Shirt countries are banning crew swaps in their ports. The International Transport Workers’ Federation (ITF) and the International Chamber of Shipping (ICS) have jointly sent an open letter to the United Nations Agencies for the global maritime industry calling on them to facilitate crew changes to keep world trading moving throughout the coronavirus crisis.
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AP Moller (better known as Maersk) the latest to Donald Trump 45 Vs The World 2020 Shirt abandon profit guidance for 2020 – Logisticsmanager.com says that the shipping giant said that its supply chains remain open, despite the worldwide COVID-19 pandemic, and it anticipates a year-on-year profit increase in the first quarter. However, it said that the global COVID-19 pandemic was severely impacting the global transport market and supply chains and there was a lack of visibility related to the global demand for container transport.
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