Many U.S. importers facing steep tariffs on Chinese goods are pausing orders in anticipation of possible tariff relief through upcoming negotiations.
Ocean freight demand from China to the U.S. has declined sharply, prompting carriers to implement blank sailings and cut capacity. It’s estimated that 28% of transpacific capacity to the West Coast and 42% to the East Coast will be withdrawn in the coming weeks.
Air cargo rates remain elevated due to ongoing tariff exemptions, but anticipated changes to de minimis eligibility after May 2 may significantly affect those rates.