The de-escalation in the Sino-US trade war came earlier than expected after the 2 countries agreed to lower reciprocal tariffs to 30% for Chinese exports to the US for 90 days from 14 May 2025 while tariffs on US exports to China is lowered to 10%, setting the stage for a surge in Transpacific cargo volumes in the next 3 months.
The 115% cut in US tariffs on China was larger than expected amidst signs of severe strain on US import volumes that would have hit store shelves in the coming weeks. T