Trade Cases
August 18, 2019
Shipping Industry Wins Chinese Tariff Exemptions
Written by Sandy Williams
The trucking industry won a major victory in securing a promise from the U.S. Trade Representative’s office that it will not impose tariffs on imports of Chinese-made 53-foot domestic intermodal containers.
The 10 percent tariff scheduled for imports of the intermodal containers would have cost the logistics sector an additional $63 million in the first year and about $750 million more over the next decade. The average price of a container is about $12,000, according to logistics firm Schneider National.
