News / Tariff threat makes no waves as spot rates tread water ahead of new GRIs

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Container spot freight rates saw another week of gentle declines across all the major trades, as carriers failed to lift pricing in advance of a series of 1 December general rate increases (GRIs).

There was also no discernible effect from Donald Trump’s announcement that he will seek to impose 25% tariffs on imports from Canada and Mexico, and put a further 10% on Chinese imports.

This week’s World Container Index (WCI) from Drewry showed a 5% week-on-week decline on the Shanghai-Los Angeles ...