US takes retaliatory tariffs to WTO

APM Terminals (APMT) was able to offset a 9.3% decrease in revenue per move (to US$310) in Q2 2023 by increasing tariffs and reducing costs per move by 7.6%. However, its impact on the group’s overall result is diminishing as AP Møller-Maersk (APMM) expands in Logistics and Services (see p11).

That is the overriding message in a report recently published by Carl Bentzel, a commissioner at the Washington (DC)-based Federal Maritime Commission (FMC).

Since 1 January 2022, China has implemented its latest Tariff Adjustment Plan (TAP) with customs duties, including its most-favoured-nation (MFN) duty rates, conventional duty rates and provisional duty rates changed on many products.

The Biden Administration is attaching “Buy America” conditions to transport funding initiatives.

The South Atlantic Chassis Pool serving Jaxport, the GPA and NC Ports is getting a major upgrade, with plans to add 50,000 new chassis.

The Coalition of American Chassis Manufacturers has succeeded in convincing the US Commerce Department and the US International Trade Commission (ITC) to impose tariffs on container chassis imported from China.