Hapag-Lloyd Says 30% of China’s U.S. Bound Shipments Have Been Canceled

Instead, there has been a “massive increase” in demand for consignments from Thailand, Cambodia and Vietnam, the spokesperson added.

Tariffs on goods from China introduced by U.S. President Donald Trump have triggered a tradeconflictthat has resulted in 145% U.S. duties on Chinese goods and 125% Chinese duties on U.S. goods.

(Reporting by Matthias Inverardi in DuesseldorfWriting by Ludwig Burger; editing by Matthias Williams)