Busy! Busy! Tariffs dropped, Orders of Chinese foreign trade companies are soaring!

Busy! Busy! Tariffs dropped, Orders of Chinese foreign trade companies are soaring!

On May 14, the United States canceled a total of 91% of the additional tariffs, and China correspondingly canceled 91% of the counter-tariffs; the United States suspended the implementation of a 24% "reciprocal tariff", and China also suspended the implementation of a 24% counter-tariff.

Although we have ushered in a temporary "window period", after 90 days, the uncertainty of the US tariff policy, transportation prices and inventory security are still the biggest problems.

Since 14th, may, after the US tariff policy on China changed, the number of container transportation bookings from China to the United States soared by nearly 300%, which in turn led to different degrees of increase in sea freight prices from China to various parts of the United States. Due to the urgent transfer of ships by shipping companies to the United States, there is a serious shortage of containers in other regions. It is expected that other regions, such as South America, the Middle East, and Africa, will also face different degrees of price increases after June 1. But it is not yet certain how much freight rates will increase.

Not only the increase in freight rates, but also the surge in factory orders, product prices will also rise accordingly. So if you have a purchasing plan, please arrange your purchasing plan in advance.