US presidential hopeful Donald Trump’s promise to impose a 20% tariff on all imports entering the country, as well as 60%-100% imports levied on Chinese goods, could throw the transpacific trade into a renewed rate spike.
Ocean freight rate intelligence platform Xeneta said that the last time Mr Trump occupied the White House and first imposed tariffs on Chinese imports in 2018, the result was a 70%-plus increase in transpacific freight …
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