- EU–USA Finalise 15% Tariff Deal; Market Awaits China Decision.
- Freight Rates Hold Steady Amid Tariff Uncertainty.
- East Coast Rates Slide While West Coast Edges Up.
As August rolls in, the EU and the USA have wrapped up a 15% tariff agreement. At the same time, talks between the United States and China are still in progress, with both parties hoping to finalise a deal by August 12. The current tariffs between them have been lowered to 30%. No matter how things shake out, any new tariffs will ultimately be passed on to consumers, a trend we’ve already started seeing in the USA, reports Baltic Exchange.
Container Freight Rates Steady Despite Uncertainty
With tariff talks still underway and uncertainty hanging in the air, freight rates have mostly held steady across major trade routes this week. Industry insiders anticipate more significant rate changes later in August as shippers gear up for the demand expected in the fourth quarter.
Freight Rate Overview
- FBX01 (China/East Asia – USA West Coast)
Wrapped up the week at $2,369/FEU, showing a slight uptick of $10 from last Friday. - FBX03 (China/East Asia – USA East Coast)
Took a notable dip to $3,705/FEU, down $392 from the week before. - FBX11 (China/East Asia – North Europe)
Closed at $3,457/FEU, a minor drop of $8 from last week. - FBX13 (China/East Asia – Mediterranean)
Finished the week at $3,206/FEU, down $126 from last Friday.
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Source: Baltic Exchange
