Trans-Pacific Shipping: Calm Before the Storm

Despite recent trade talks between China and the U.S., a significant rebound in trans-Pacific shipping is not expected soon. Ocean carriers are still trying to raise freight prices, despite weaker demand. Rates for shipping from Asia to the U.S. West Coast saw a slight dip, while prices for the U.S. East Coast climbed. The recent discussions between President Trump and Chinese leader Xi Jinping brought a pause to certain U.S. port fees, relieving Chinese shipping companies. However, this de-escalation is unlikely to cause a sudden surge in trans-Pacific freight demand due to importers diversifying sourcing and usual slow months. The situation remains uncertain, with the Supreme Court reviewing a case challenging the presidents use of emergency powers for tariffs.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.