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 ...
© Woraphon Banchobdi
By Alison Koo
The 90-day tariff moratorium on US imports, except those from China, have failed to keep transpacific bookings from falling.
On 5 April, all US imports were hit with a basic 10% tariff, with additions varying by country planned for 9 April.
However, on 8 April, US president Donald Trump announced a 90-day pause on the extra tariffs, keeping to the basic 10%, except for China, whose imports to the US now have a 145% tariff.
Four days later, Mr Trump announced that smartphones ...
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