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U.S. exporters could face demurrage, detention, destruction of cargo or return costs, after reports suggest some Chinese importers have stopped accepting cargo.
Pat Fosberry, director of export compliance at U.S. forwarder John S. James Co., said that, while the focus in the U.S. had been on the effect of tariffs on importers, now “U.S. exporters are beginning to feel consequences.”
“Some of our U.S. exporters are reporting that many buyers in China are cancelling orders, stating that China’s import tariffs will escalate the landed costs to be unviable,” Mr. Fosberry explained. But he added that the main concern for U.S. exporters is that “some China buyers have told them they will not be accepting shipments upon arrival.”
Read more in an article from The Loadstar.
