U.S. bookings for container shipments from China to the United States have surged by nearly 300 percent following the 90-day tariff pause announced by both countries.
Data from container-tracking software provider Vizion reveals that average bookings for the seven days ending on Wednesday skyrocketed to over 21,000 twenty-foot equivalent units (TEUs), compared to about 5,700 TEUs just a week earlier.
German container shipping firm Hapag-Lloyd also reported on Wednesday that its container bookings for China-U.S. traffic had jumped by 50 percent week on week in the first few days of this week.
Container shipments from China to the U.S. had dropped sharply after April 2, when U.S. President Donald Trump raised tariffs on Chinese goods to an unprecedented 145 percent.
Over the weekend, the two nations held a high-level economic and trade meeting in Geneva, Switzerland, aimed at easing trade tensions.
According to a joint statement released by the world's two largest economies following the meeting, both nations agreed to a 90-day tariff pause, during which U.S. tariffs on Chinese imports will be reduced from 145 percent to 30 percent, while Chinese tariffs on U.S. goods will be cut from 125 percent to 10 percent.
US container shipments from China surge 300 pct following tariff pause: data
