I think this is a White Hat move. It is hurting China as they don't get paid until goods are unloaded and it is also causing Biden to be cased in a bad light as he can't get the issue under control and is causing a disruption in the stores.
Not fully true on the payment. It depends on the terms of the sale. Most product is purchased FOB origin Port, which basically means that the manufacturer in China gets paid once it is loaded on a container and put on a ship. Since there is a shortage of containers in China, it still has the same effect.
I think this is a White Hat move. It is hurting China as they don't get paid until goods are unloaded and it is also causing Biden to be cased in a bad light as he can't get the issue under control and is causing a disruption in the stores.
Not fully true on the payment. It depends on the terms of the sale. Most product is purchased FOB origin Port, which basically means that the manufacturer in China gets paid once it is loaded on a container and put on a ship. Since there is a shortage of containers in China, it still has the same effect.
It is a shit show today. 40 footers were $2100 a year ago. Just gave approval for a $25,000 container.