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Asia-US West Coast Container Freight Rate Surges 50% in 1 Mth Amid Tariff & Strike Worries
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On 1 January 2025, the cost of booking a 40-foot container from Asia to the US West Coast was US$6,000, up 50% from US$4,004 a month earlier, according to data from Xeneta, an Oslo-based freight platform, according to Bloomberg. The rate to the US East Coast was US$7,100, up 31% from a month earlier. The threat of a strike at US East and Gulf Coast ports later this month, as well as US President-elect Donald Trump's promise to impose higher import tariffs on goods from China and other major trading partners, caused enterprises to worry and increase their inventories, the report added. AAStocks Financial News |
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