China officials have extended the Spring Festival Holiday until after February 2. The length of the extensions may vary depending on the location. Shanghai has extended until February 10, while others until February 14 or longer. As factories re-open, labor continues to be minimal as public transportation in certain cities or provinces are still under restriction and quarantine. These can last up to an additional 14 days or longer. Trucking equipment and services as well are still impacted due to the lack of labor as well as road restrictions preventing normal pickup and delivery services.
Flights: Over 60 airlines have announced cancellation from flights to/from
Flights: Freighter flights are slowly returning as demand continues to
increase. As of now, 60% of freighter flights are still not operating.
Airfreight Pricing: Due do the current supply & demand, transit is continued to be limited under a Force Majeure environment based on first come basis.
airports that are impacted are PVG & CGO with limited amount of staff. WUH
is closed until further notice and those operating under normal conditions
include, BJS, SZX, HKG, LAX, ORD, JFK, AMS, & FRA.
All Seaports are operating under normal conditions, excluding Wuhan & Yichang a Hunan province. Ocean demand has dropped by more than half and is not expected to pick up again until after February 20.
Please contact our logistics office with any further questions firstname.lastname@example.org.
Reports from the White House and the Office of the United States Trade Representative (USTF) announce that a Phase 1 agreement with China has been reached with a significant impact on the current and pending changes.
The trade-remedy tariffs under List 4B will not go into
effect on December 15, 2019, as previously announced. This action
has been suspended indefinitely.
trade-remedy tariffs under List 4A will remain in effect but at a reduced
rate. The current rate of 15% will be dropped to 7.5%.
trade-remedy tariffs under Lists 1-3 will remain at 25% for the time
being. These tariffs are being retained to be used as a negotiation
point during Phase 2, which is anticipated to commence soon after this
Phase 1 is signed.
Official implementing instructions need to be published which will likely provide specifics, for example, the effective date and time and event of the 4A reduction. This may not occur until the agreement is signed with China in early January.