Carriers announce peak season surcharges on demand surge ahead of fresh US tariffs
AI Summary
Container shipping companies have announced peak season surcharges due to increased demand from US importers aiming to bring in goods before the implementation of new tariffs under Section 301. The US Trade Representative recently proposed tariffs on imports from Canada, the EU, and others, influencing shipping cost dynamics.
Container shipping majors are out with peak season surcharges for mid-June and early-July, driven by soaring demand amid an early onset of peak season as US importers rush to get goods into the country before Section 301 tariffs take effect. The United States Trade Representative (USTR) on 2 June proposed tariffs on Canada, the EU ...