After China and the United States lowered tariffs on each other, the impact is felt on the front lines of foreign trade: Companies are rushing to ship goods, freight forwarders are receiving frequent "bursts of orders," and a peak in port cargo transportation may appear next week.

date
14/05/2025
On May 12, the "Joint Statement of the Geneva Economic and Trade Talks between China and the United States" was issued, and both China and the United States agreed to significantly reduce bilateral tariff levels. Reporters noticed that at the same time as the tariffs were being lifted, there was a rush to ship goods, with foreign trade enterprises competing for a 90-day buffer period. Previously backlogged orders were quickly fulfilled, shipping container bookings surged, and freight rates rose accordingly. Zhong Zhechao, the founder of One Shipping, told reporters that less than 24 hours after the release of the "Joint Statement of China and the United States", shipping companies immediately raised their prices, with freight rates for June to the U.S. West Coast containers already reaching $6,000. "During this 3-month window, American buyers will seize the opportunity to place orders quickly, so there will be a strong demand-supply situation in the near future." In the vibrant foreign trade region of East China, ports are quietly waiting for the upcoming peak shipping period. A person related to a port in the Yangtze River Delta told reporters that so far there has not been a significant increase in shipments from the port, but it is expected that there may be a peak shipping period next week.