The impact of the US acquisition of the Panama Canal on China's export trade

The impact of the US acquisition of the Panama Canal on China's export trade

The Panama Canal has always been known as the "global trade throat". The Panama Canal greatly shortens the sailing distance to the east and west coasts of the American continent, saves time and transportation costs, and promotes Sino-US trade cooperation. Now that the Panama Canal has been acquired by the United States, it has a huge impact on the Sino-US trade war.

If the US BlackRock participates in the operation of the Panama Canal port, they may adjust the rates, which will directly have a strong impact on China's shipping industry and cause a sharp increase in sea freight. About 30% of containerized goods in my country's East Coast trade rely on the Panama Canal. For example: if the toll increases by 10%, the overall logistics cost of the China-US route will increase by about 3%-5%.

The current freight to South America is the lowest moment. If there are customers who need to transport goods to the South American market, please feel free to contact us to avoid freight increases in the next few months and increase transportation costs.