Tom Burton explains why US shipping slowed in August and October. Tariffs and new port taxes on Chinese-built ships are raising freight costs and delays. Front-loading accounts for some shifts, but not all of the slowdown.
It says not just China, US Peak season for freight stalls. They said that I think it was August, that the freight rates had amount of freight coming had stalled dramatically. And what normally for holiday shipments and stuff would continue. October has already stalled. The other component is front loading. I mean, isn't that just simply because of the front loading? Well, it doesn't. No, it the article talks about there's a component of things here that and I had forgot about this until this article talks about it as well, is that there are not just there's not just going to be tariffs on the goods that are coming on those ships, but the ships that were made in China and are coming from China are going to have these hugely higher port taxes as well that have been added. Remember, we talked about that when this first.
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