News / Trump's tariff plan will cause another massive Asia-US freight rate spike

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US presidential hopeful Donald Trump’s promise to impose a 20% tariff on all imports entering the country, as well as 60%-100% imports levied on Chinese goods, could throw the transpacific trade into a renewed rate spike.

Ocean freight rate intelligence platform Xeneta said that the last ...

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  • Jeff Ervin

    September 11, 2024 at 2:12 pm

    The focus on the article should be whether or not increased tariffs would lead to on-shoring or near-shoring manufacturing, not a temporary spike in rates. The addiction to cheap labor is coming at the expense of developing manufacturing technology, AI, and more CO2.

    • Alex Lennane

      September 11, 2024 at 2:21 pm

      Well, that would be a totally different article! But yes, we can look into that.

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China-US trade war Rates: the eternal tango Tariffs Transpacific Trade