Daily CoFIF: 2025-04-03
Freight futures opened lower following the announcement of new tariffs by President Trump, which have raised the cumulative tariff on Chinese imports to 54% since the start of his presidency. However, futures recovered throughout the day, ending broadly unchanged as short sellers closed their positions ahead of the long weekend holiday in China. The main contract, EC2506, gained 1.29% for the day. Linerlytica's online quotation system also showed marginal improvements over the past two days, al