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Keyword: chineseuminbound

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  • Container shippers win China-US tariff reprieve, await volume rebound

    05/12/2025 6:00:43 PM PDT · by E. Pluribus Unum · 8 replies
    Reuters ^ | May 12, 20254:29 PM CDT | Rachel More and Lisa Baertlein
    SummaryShipping firms, port operators, retailers welcome progress Industry experts say 30% tariffs remain a risk for US consumers Shipping rates could rise with a cargo rush BERLIN/LOS ANGELES, May 12 (Reuters) - The container shipping industry on Monday welcomed an agreement between the United States and China to temporarily slash punishing tariffs, saying it expected to be buoyed by a resulting recovery in bookings from China to the U.S.The United States will cut extra tariffs it imposed on Chinese imports in April to 30% from 145% and Chinese duties on U.S. imports will fall to 10% from 125% for the...