Tariff Deadline Triggers Shipping Surge: Spot Rates to U.S. Spike 173%
Spot rates on the trans-Pacific trade lane are climbing even faster than during the pandemic-driven spike of spring 2021, fueled by a surge in Asian imports ahead of looming U.S. tariff hikes. This rush, triggered by a temporary pause in tariffs enacted under the Trump administration, has ocean carriers pushing rates aggressively to maximize revenue […]
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