Non-China sea cargo shippers to U-turn on aborted bookings amid US tariff pause: analysts
Although the suspension is welcome, the situation could remain challenging for industry players
Add BT as a preferred source
[SINGAPORE] The dramatic turnaround in US President Donald Trump’s stance on his reciprocal tariffs – he paused steep individualised tariffs on dozens of trading partners for 90 days – is likely to trigger a reversal of another sort in the ocean shipping industry.
Although the suspension is welcome, the dynamic situation could remain challenging for many shippers.
Meanwhile, the peak season for shipping to the United States is expected to kick off early as a result of businesses front-loading their shipments.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Is it time to scrap COE categories for cars?
