Source: China – South China Morning PostEven after securing another 90-day tariff truce with the US, China’s trade-diversification efforts are expected to continue reshaping shipping routes for the rest of the year, as transpacific routes remain under pressure following an initial front-loading phase.
“Despite ongoing negotiations between the two countries, we believe it is unlikely that tariffs will be completely eliminated, which will continue to weigh on US import volumes,” said Jarl Milford, a maritime analyst at Veson…Read More