Synopsis
India was also caught up in the freight-rate issue, but its export lobby group said that the container shortage has eased to some extent on the country’s west coast after the government intervened.
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With business already pummeled by the pandemic, the logistical issues may be too much for some firms.
Soaring freight rates and delivery delays have sparked a global backlash by companies frustrated about the destructive mix of deteriorating service and higher ocean shipping costs.
Trade associations in China have raised antitrust concerns with the government, while similar pressure is simmering in Brussels, where the European Shippers’ Council petitioned the European Commission to address “outrageous price hikes” by cargo carriers. In Washington, the biggest lobbying group for retailers wants authorities to scrutinize the playing field.
Pademinin getirdiği yeni bir sonuç: Nakitsiz dünya
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ABD li perakendecilerden Çin e tepki - Dünya Gazetesi
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Pic: Shutterstock The US National Retail Federation (NRF) recently urged the Office of the US Trade Representative (USTR) to avoid imposing tariffs on imported Vietnamese goods and rely on other remedies and authorities to address trade complaints. USTR recently launched two separate 301 investigations into Vietnam’s currency practices and trade in illegal timber. NRF senior vice president of government relations David French provided testimony at both the illegal timber and currency practices hearings this week. “Vietnam has become an increasingly important political ally and economic partner to the United States to counter the influence of China in the region,” French said. “It is important that this relationship not only continue but expand as the global economy continues to recover from the coronavirus pandemic.”
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Pic: Shutterstock The US National Retail Federation (NRF) has welcomed the Congressional passage of the Emergency Coronavirus Relief Act of 2020. “Retailers are encouraged by the passage of this economic relief package that will keep the economy open and moving in the right direction as the fight against the COVID-19 pandemic continues,” NRF president Matthew Shay said. “The additional stimulus and extension of expired relief measures will help protect families, support health care providers and sustain small and independent businesses. The November retail sales report shows that consumers held back on spending, and more robust stimulus is needed to shore up our economy,” he said in a statement.