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Many cargo ships and freight flights that would usually operate on the U.S.-China routes have been canceled, severely affecting exporters. Reports indicate that nearly half of the shipping capacity on these routes may soon be canceled. Exporters are now filing customs return paperwork as their shipments linger at dockside storage yards.
Rising Costs and Consumer Impact
As tariffs have increased the costs of Chinese goods, consumers and businesses in the U.S. are feeling the pinch. Budgets for importing products have skyrocketed since tariffs mean that importers must pay over their original price—sometimes significantly—just to receive goods. This not only affects the availability of products but also drives prices higher for American consumers, leading to a decrease in sales.