As consumers shift spending from goods to services, some shippers are seeing Chinese manufacturing orders drop by as much as 30%, logistics sources tell CNBC.
President Biden is signing the bipartisan Ocean Reform Act on Thursday afternoon, the first major revision of U.S. maritime regulation since the Shipping Act of 1984. The Biden administration says the new law will help reduce costs for families and ensure fair treatment for American businesses including the agriculture industry. The bill addresses the high .
Biden attempts to curb inflation with law aimed at cutting shipping rates ajot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ajot.com Daily Mail and Mail on Sunday newspapers.
President Biden is signing the bipartisan Ocean Reform Act on Thursday, the first major revision of U.S. maritime regulation since the Shipping Act of 1984.