Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
Beijing’s decision to impose higher tariffs on US goods has led to a rush of goods flying into China from the US. The Chinese-imposed tariffs have escalated from 34%, to 84%, and from tomorrow, 125%.
As a result, air rates into China have quadrupled – or more – reported a Shanghai forwarder.
“In the past days, we have done a number of urgent cases for importers here to bring their cargo ex-US to China, which must leave by 10 April to avoid ...
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