Pacific Freight Market Collapse

Posted 5/2/25

The imposition of sweeping U.S. tariffs has precipitated a significant downturn in transpacific trade, affecting both air and sea freight sectors. The termination of the de minimis exemption for shipments under $800 from China and Hong Kong, coupled with elevated tariffs reaching up to 145%, has led to widespread cancellations and a sharp decline in shipping volumes.

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