It’s been a week of turmoil – and initial relief – in global trade. Hurricane Melissa brought chaos to the Caribbean, but did not save the vital Kingston Terminal in Jamaica, while in Asia, the fallout from the Dhaka Shipping Village fire continues to hamper Bangladesh’s clothing exports. Meanwhile, hopes for stability in the Red Sea were dashed as Israel resumed its air strikes on Gaza.
Host and news reporter Charlotte Goldstone brings you the highlights of these stories to bring you up to speed ahead of a new week.
And there is a glimmer of good news: Washington and Beijing agreed to suspend port calling fees for a year, easing trade tensions and cutting “fentanyl tariffs” by 10%. Gavin van Marle joins to explain the tariffs already imposed on US port volumes and whether price increases could continue after weeks of GRI-driven recovery.
Alex Lennane steps in to discuss the latest in air freight, from the “Christmas rush” to a new US plan to ban air freight from Mexico City. Then I talked to Ms. Goldstone about UPS’s mixed earnings,
All that, plus a look ahead to a pivotal week as the US Supreme Court takes up tariffs and… lodestar The team heads to the Air Cargo Forum in Abu Dhabi.
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