Despite the long waits at ports, the Chinese economy is slowing down. There is less demand for Chinese exports, partially due to the U.S. and Chinese tariffs. One solution is to find new routes and trade destinations, which don’t include 20 to 25 percent tariffs.
Vietnam, Cambodia, Thailand, and other Southeast Asian countries have seen an uptick in imports and exports. Logistics companies had already been making the move due to rising costs of labor and goods. The tariffs were just one more reason to look elsewhere.
Ultimately, this should lower costs for shipping companies, businesses, and consumers alike. With faster, more efficient, and inexpensive shipping routes, China’s dominance over the market is likely to fall.
Now that you understand how U.S. and Chinese tariffs impact shipping and delivery times, let
STG Transportation LLC helps get your goods where they need to go. Reach out to us today to discuss your shipping options, place an order or learn more about our services. We look forward to working with you.
