China-US trade truce too late to boost weakening transpac rates

AI Summary

China and the United States agreed to reduce tariffs on $30 billion worth of goods, including many shipped in containers. The trade truce is expected to come too late to reverse falling transpacific freight rates.

Transpacific rates are set to fall – even as China and the US yesterday agreed to mutually cut tariffs on $30bn worth of goods, many of which move in containers. The post China-US trade truce too late to boost weakening transpac rates appeared first on The Loadstar.