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Date: 15/04/2025

Shippers scramble after Trump pauses tariff

After US President Donald Trump announced a 90-day tariff pause for several nations, including India, global manufacturers are in a rush to ensure that the bulk of their goods reach the US during this window. Peter Sand, Chief Analyst at Xeneta, said that the 90-day suspension of tariffs will be welcomed by shippers, but it should not be a cause for celebration. There is still a rapidly escalating US-China trade war with tariffs spiralling above 100%. After falling continuously for four months, freight rates across eight global sea routes increased for the second week in a row since reciprocal tariffs were enforced and then rescinded temporarily. The Drewry World Container Index rose 3% last week to $2,265 per 40 ft. container amid a volatile environment for transporters. Indian port players, amid the rush, are also looking to avail of opportunities to get high-value cargo onto their own terminals, as per a report.
 
Source: Exim News Service: Oslo, April 14



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