Shippers threaten abandon goods ports due high customs duty
It seems like you're referring to a news article or a situation where shippers are threatening to abandon their goods at ports due to high customs duties. Here's a possible summary:
Headline: Shippers Threaten to Abandon Goods at Ports Over High Customs Duties
Summary: A group of shippers has threatened to abandon their goods at ports if the government does not reduce the high customs duties imposed on imported goods. The shippers, who are major players in the industry, claim that the high duties are making it difficult for them to operate profitably and are causing delays and congestion at ports.
Background: The government recently increased customs duties on imported goods to protect local industries and boost revenue. However, the move has been met with resistance from shippers who argue that the duties are unfair and are causing unnecessary delays and costs.
Impact: If the shippers follow through on their threat, it could lead to a significant disruption in the supply chain and cause delays and shortages of goods. This could have a ripple effect on the economy, affecting businesses and consumers who rely on imported goods.
Government Response: The government has so far refused to budge on the customs duties, citing the need to protect local industries and boost revenue. However, some officials have hinted that they may be willing to consider reducing the duties if the shippers can provide evidence of the negative impact they are having on the industry.
Industry Reaction: The shippers' association has condemned the government's decision, saying that it is unfair and will lead to job losses and economic instability. Other industry players have also expressed concerns, saying that the high duties are making it difficult for them to compete with foreign companies.
Conclusion: The standoff between the shippers and the government is likely to continue until a resolution is reached. In the meantime, the industry is bracing for the impact of the high customs duties and the potential disruption to the supply chain.