US retailer Five Below has compelty halted its business with China

US retailer Five Below has asked vendors to turn away products waiting for shipment in China before they set off for the US

Bloomberg with the info

• Shipping giant A.P. Moller-Maersk A/S sent a letter to suppliers on behalf of the discount retail chain saying that the company has elected to suspend its cargo shipments, following the US and China tariff impact. It was unclear from the memo if it went out to all Five Below vendors, or a subset.

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Some earlier posts related:

• “The next chapter of U.S.-China decoupling has begun. The pain will be felt everywhere. “

This article was written by Eamonn Sheridan at www.forexlive.com.