The 30 percent tariff from China is better than 145 percent, but is still very significant. This is on top of other tariffs that were previously in place from China. Many companies are releasing shipments that were completed, but being held in China,
I'm glad that both countries finally agreed to talk to each other about this important topic. While the temporary decrease in tariffs is helpful - 30 percent is far better than 145 percent - there are still unintended consequences like the freight shipping rates that will skyrocket for the rest of May,
Tariff reductions align with the interests of American industries. China-US cooperation benefits both countries and responds to global expectations. At its core, the economic and trade collaboration between China and the US remains mutually beneficial and win-win in nature,
The 90-day pause and reduction of tariffs between the US and China is welcome news for consumers, American businesses, workers and the supply chain. Even with this announcement, tariffs remain elevated compared to April 1,
I knew it would come. But it still kind of overwhelmed me when it finally came. Four new orders totaling $300,000 placed on May 13! This single day sales figure equates to half a month of sales revenue in usual times,
Market demand has surged almost overnight. We're seeing a short-term shipping boom, but capacity has not fully recovered yet,
The average bookings for the seven days ended Wednesday soared 277 percent to 21,530 20-foot equivalent units from 5,709 TEUs for the average for the seven days that ended on May 5,
The surge in orders from American businesses received by Chinese foreign trade enterprises following the China-US joint statement first and foremost highlights the irreplaceable quality of Chinese products. This also demonstrates that tariff reductions serve the interests of both nations,
What is even more unbelievable is some clients are asking for air freight delivery! This has never happened before,
Nor do these 'deficits' inflict damage on the US economy,
To avoid further uncertainty and disruption of trade, both sides should work together swiftly toward a long-term agreement. Additionally, it's important for the US to work with other nations to reduce existing tariffs,
The outlook for global container demand over the remainder of the year remains highly uncertain, shaped by a rapidly evolving trade policy landscape and increasing recession risks in the US,
With the new deadline looming, we’re likely to see a front-loading of shipments, leading to an early start — and potentially an early fade — of the ocean freight peak season this year,
This dramatic rise reflects a rush to ship goods before any new tariffs kick in after the 90-day window,
Since the agreement was announced, we have seen an increase in bookings for our trans-Pacific services,
The tariff war has delayed back-to-school shipping by a month. But it’s not like school districts can delay school by a month,
We are booking containers and some of our goods are already on the way to Shenzhen port. In recent months there were fewer cargo buses on the road but today ... there is a traffic jam on the way to the port,
Right now we're looking at the last orders that would go in for back-to-school, and maybe some lingering orders for summer fashion. So that's really tight,
Once the tariff cut was announced, our clients said 'we are in go-go-go mode,'
It has been super busy these two days,