Reported about 12 hours ago
U.S. demand for goods made in China has decreased due to worries about tariffs, leading to a significant drop in shipping rates from China to the U.S., which have fallen by over 50% since early June. Although President Trump's initial high tariffs were reduced from 145% to 30%, the economic data suggests a weakening market, and experts predict that the recent increase in imports may not sustain. Major retailers like Walmart are preparing to raise prices due to impending tariff impacts, while analysts warn about the potential economic consequences of the ongoing trade tensions.
Source: YAHOO