Reported about 9 hours ago
Container rates between Asia and the U.S. are declining due to weakening import demand and ongoing global tariff conflicts, primarily influenced by U.S. tariffs on imports. While this has led to a notable reduction in freight costs, particularly for Asia-U.S. routes, carriers are cutting back on capacity to stabilize the market. Meanwhile, retaliatory tariffs from the EU loom, adding further uncertainty to trade dynamics, alongside new investment efforts in regions like Syria aimed at improving trade infrastructures.
Source: YAHOO