The President of the United States, Donald Trump, and President Xi Jinping of China on December 1 agreed to postpone the further 25% tariffs on Chinese imports to the US for 90 days to allow a broader trade agreement between the two countries to be forged.
Alphaliner explained that the earlier rush to front-load shipments from China to arrive in the US before January 1, 2018, had resulted in record-high eastbound transpacific container shipments in October, based on the date of arrival in the US.
Volumes grew by 12.2% year-on-year to reach 1.46 million TEU and container cargo arrivals in November and December “are expected to come in even stronger.”
