However, after the negotiations between China and the US, the tense situation has eased significantly. Freight companies and analysts say that a rebound in demand and prices is expected in the near future. According to a report released by Jefferies on Tuesday, the freight rate of the transpacific route this week has jumped from $2,000 per 40 - foot standard container in mid - April to about $2,500.
The tariff - related changes have had a profound impact on the trade and logistics between the two countries. The previous tariff hikes had a negative impact on the volume of goods traded, and now the tariff cuts are expected to reverse this trend. The increase in freight rates is a direct result of the expected increase in trade volume. As businesses rush to move their goods during the grace period, the demand for shipping services is rising, which in turn is driving up the prices. This situation will likely continue in the short term until the market stabilizes after the grace period.
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