Pre-tariff rush of goods from US to China sees air rates soar, but not for long
Beijing’s decision to impose higher tariffs on US goods has led to a rush of ...
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By Mike Wackett
In the past month, container spot rates from Asia to the US west coast have rocketed by over $1,000 per 40ft, bucking the fundamentals of mass unemployment and an economic recession now hitting the US economy.
Last week’s Shanghai Containerized Freight Index (SCFI) recorded a second massive spike, of over 25%, in three weeks to take the spot rate to $2,755 per 40ft – double the rate recorded by the index at this time last year.
According to a JOC report, China-US ...
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