Reported 10 days ago
As President Trump's country-specific tariffs set to go into effect, experts predict a significant drop in container demand. U.S. import and export bookings have already seen drastic declines, with a 67% drop in imports and a 40% decrease in exports. Industry analysts expect a subdued peak season and the potential for a recession if these trends continue, leading to increased volatility in shipping rates and cancellations of trans-Pacific sailings.
Source: YAHOO