A delay in tariffs on Mexican imports does little to ease the pain for US shippers still facing a 10% hike on tariffs from China in addition to massive increases in ocean container freight rates due to conflict in the Red Sea.
Latest data from Xeneta – the ocean and air freight intelligence platform – shows average spot rates from China stand at USD$4,816 per FEU (40ft container) to the US West Coast and US$6,264 per FEU into the US East Coast.
This is an increase of 196% and 157% respectively...