While the United States and China exhale after the trading titans agreed to a 90-day pause in tariffs, it’s not yet clear to what degree demand may rematerialize on the eastbound trans-Pacific, and how that could weigh on ocean container rates.
The pause, which takes effect Wednesday, will see the U.S. knock down its reciprocal tariffs from 125% to 10% and, when combined with 20% tariff hikes aimed at blunting fentanyl from China, establish a new 30% baseline tariff on all Chinese imports....
https://www.freightwaves.com/news/pause-and-effect-container-rates-await-new-demand