The world’s two largest economies final month agreed to a 90-day pause on tit-for-tat tariffs, and the US lowered the responsibility on many China items to 30 per cent from 145 per cent. The US and China this week agreed to keep up that decrease charge, doubtlessly defusing their high-stakes commerce dispute.
Port executives and transport consultants anticipate volumes from China to rebound, albeit at a extra average degree as 30 per cent duties characterize a big price enhance for importers.
“I anticipate general cargo stream to stay modest for the stability of 2025,” Seroka stated.
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