Major Chinese port hit by congestion ahead of holiday, Trump tariff threat.

 Exporters this week jostled to load and ship cargo from Shenzhen’s Yantian Port, one of the world’s largest container ports, before an eight-day Lunar New Year holiday and ahead of a potential wave of U.S. tariffs on Chinese goods.

Yantian, which handles one-third of Guangdong’s international trade and one-quarter of China’s exports to the United States, already increased the daily quota on containers by 15% to 15,000 units during Jan. 20-28, the port said in a statement on Wednesday.

U.S. President Donald Trump said on Tuesday that his administration was discussing a 10% punitive duty on Chinese imports, with Feb. 1 a potential deadline for a decision, which could hurt U.S. demand for Chinese products.

Source: FINANCE.YAHOO