41% of Hong Kong’s container shipments to North America cancelled for the week of May 12

Hong Kong’s shipping sector is reeling from the fallout of the intensifying U.S.-China trade war, with 41% of container capacity to North America’s west coast scrapped for mid-May. The surge in tariffs and disruption to global supply chains are delivering a heavy blow to the city’s re-export-driven economy.

• 41% of Hong Kong’s container shipments to North America cancelled for the week of May 12.
• Data from Freightos and Sea-Intelligence point to widespread sailing cancellations, reflecting escalating trade tensions.
• Soaring tariffs—145% from the U.S. and 125% in Chinese retaliation—are choking cross-Pacific trade volumes.
• Hong Kong’s role as a re-export hub makes it especially exposed to shocks in global trade flows.
• Analysts warn tariffs above 35% wipe out margins, rendering many export routes economically unviable.

Info via Reuters

This article was written by Eamonn Sheridan at www.forexlive.com.