A1 Worldwide Logistics - International Shipping Company

  Importers and retailers predict that US imports could soon surge over the next few weeks. Following a 90-day break in the tariff war between the US and China, retailers expect to resume importing. Data from the NRF’s (National Retail Federation) Global Port Tracker recently showed that retailers have been frontloading imports. Along with the temporary reduction on Chinese goods, other scenarios, such as a hold on  reciprocal  tariffs, have also contributed. Due to the high volume of exports from China, a surge could substantially impact the international shipping industry. This article will explain the reason behind the predicted surge, which could impact importing cargo to the US. Why Are Retailers Forecasting That US Imports Could Surge Soon? The potential surge in US imports comes from a  slashing of tariffs that would have reached over 100% . In particular, the US lowered taxes on Chinese imports from 145% to 30%, and China reduced tariffs on US imports from 12...

  As tensions continue in the Israel-Iran conflict, there have been talks that Iran may close the Strait of Hormuz.  The Strait of Hormuz is a key waterway for the shipping of oil and gas . Nearly 20% of the world’s liquefied Natural gas and a quarter of the world’s oil pass through yearly. Shippers from numerous countries use it as a shortcut for oil importing and exporting. On June 22, the Iranian Parliament voted to close the Strait due to US airstrikes. Despite the vote, the Strait remains open, with Iran’s Supreme National Security Council to make the final decision. As the waterway is a central trade lane in international shipping, its closure could have significant global consequences. Why Iran May Close The Strait of Hormuz, And What Can This Mean For Shipping? Israel and Iran have been in tension and have been in conflict for decades following the 1979 Iranian revolution. The conflict escalated into a war on June 13 when Israel launched a surprise attack on Iranian nu...