Prior to Trump's imposed tariffs on China taking effect and the proposal of Mexico tariffs, April exports and imports are down.
Transport Topics notes that "Goods shipments to China fell to $8.5 billion in April from $10.2 billion the prior month and are down 20% year-to-date, while imports from the nation have declined 13.2% in 2019. Meanwhile, merchandise exports to Mexico are little changed so far this year while imports are up 6.1%" (Exports, Imports Plummet as US Trade Deficit Narrows, 6 June 2019).
Trump's changing policies are affecting businesses' supply chains and are making it harder for businesses to account for future growth or decay.
At 12:01 AM Eastern time Friday, the United States plans to increase tariffs from 10% to 25% on Chinese imports. Trump and Beijing plan to talk prior to the tariff hike sometime today. China has stated they will retaliate if the tariff hike goes through.
If the tariff increase goes through, both the U.S. and China's imports and exports will likely be affected by both the tariff hike and retaliatory measures that may be taken on either side.
Read more here.
ATTS Logistics is pleased to be featured in Suburban Woman Magazine for some of our charitable efforts undertaken this year, which include coordinating logistics and warehousing books for a large-scale book drive to Big Ugly, West Virginia. ATTS warehoused and helped ship over 50,000 books to children and families in an impoverished and remote region in the Appalachian Mountains. Please see the full article below.
ATTS Logistics is proud to announce that we warehoused and transported 50,639 books to in-need communities in Big Ugly, West Virginia. We partnered with Lake Zurich, IL, residents, Shari and Vince Gullo, and West Virginia nonprofit, Step by Step, to ship books to this rural area. The Gullos organized a book drive and collected over 50,000 books with support from Lake Zurich-area residents over the past six months.
The children in Big Ugly, West Virginia have limited access to reading materials, and the nearest library is over 40 miles away. The Gullos have visited the area multiple times over the last few years and wanted to support literacy, access to reading materials, and the love for books within the Big Ugly community.
We are so happy to help play a part in this generous endeavor and cannot wait for the children of Big Ugly to experience the beauty of literature!
If Donald Trump wants his new US-Mexico-Canada Trade Agreement to be enacted, he may have to lift the aluminum and steel tariffs imposed on Mexico and Canada. The nations, along with US lawmakers, are pushing Trump to eliminate the tariffs if he wants the agreement to be approved.
Find out more details here.
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