had to look it up to figure out what the meant by ‘ditching shipments mid voyage’
A staff member at a China-listed export company, who requested anonymity, said its US-bound container volume had plummeted from 40 to 50 containers a day to just three to six as a result of the new tariffs on Chinese imports imposed by the second Trump administration. It has increased tariffs by 104 per cent this year, taking the total impost to around 115 per cent.
The new tariffs have triggered a backlash from Beijing and sent shock waves through global markets.
“We’ve halted all shipping plans from the Philippines, Vietnam, Indonesia and Malaysia,” the employee said. “Every factory order is halted. Anything that hasn’t been loaded will be scrapped, and the cargo already at sea is being re-costed.”
One client had told the company it was abandoning goods already on the water and giving them to the shipping company [emphasis mine], as “no one will buy them after the tariffs are imposed”
had to look it up to figure out what the meant by ‘ditching shipments mid voyage’
https://www.scmp.com/economy/china-economy/article/3305834/chinese-exporters-said-be-ditching-shipments-mid-voyage-avoid-crushing-trump-tariffs