As trade talks begin, Chinese exporters prepare to get goods moving to US again
SHANGHAI (Reuters) -China-based shipping agents have resumed buying container space for goods headed for the United States after a series of U.S. tariff-induced cancellations, as Beijing and Washington head for trade talks in Switzerland. Trade between the world's two largest economies has slumped since U.S. President Donald Trump imposed 145% tariffs on China-made goods on April 10, a move which prompted China to impose levies of 125% on U.S.-made products. The U.S. tariffs, which affect an estimated 80% of goods shipped from China to the U.S., prompted sailings from China to the U.S. to drop 60% in April, according to Flexport, a logistics and freight forwarding broker.