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China's trade logistics to US surge following tariff cuts

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China's trade logistics to US surge following tariff cuts

2025-05-15 21:35 Last Updated At:22:37

China's foreign trade logistics to the United States have surged recently following the U.S.-China tariff cut, driving a sharp increase in inquiries to international freight forwarders.

In response, Yantian Port in Shenzhen City, Guangdong Province, is urgently adjusting its schedule to handle the heightened shipment volume on the U.S. route and ensure swift deliveries for customers.

"This ship is bound for the U.S. and will be loaded with more than 2,000 containers at Yantian Port. Other shipping companies are all coordinating with the terminal to adjust berths for their ships. The terminal handles six ships bound for the U.S. every day," said Lin Risheng, an official at Yantian Port.

A freight forwarding company in Shanghai has also experienced a surge in customer calls over the past few days, with numerous inquiries about ocean shipping bookings.

At present, container space on various platforms to the U.S. is in high demand and this trend is expected to persist for some time.

"The number of bookings and shipments has doubled compared to the daily average from a while ago. Popular categories include processed products, clothing, rubber products, and more," said Yang Qin, a sales manager from the company.

Following a two-day high-level meeting on economic and trade affairs in Geneva, China and the U.S. announced Monday a series of tariff modification measures aimed at easing trade tensions between the world's two largest economies.

China's trade logistics to US surge following tariff cuts

China's trade logistics to US surge following tariff cuts

Chinese equities participated in a broader market selloff on Monday amid escalating tensions in the Middle East, which continued to weigh on investor risk sentiment, according to Wang Yin, market analyst at China Global Television Network (CGTN).

Chinese stocks closed mixed on Monday, with the benchmark Shanghai Composite Index up 0.24 percent to 3,923.29 points.

The Shenzhen Component Index closed 0.25 percent lower at 13,726.19 points.

"The Shanghai Composite Index fell as much as 1 percent before recouping the losses and gaining 0.24 percent at the close today. The Shanghai Composite Index has tumbled around 6 percent so far in March, which is largely wiped out all the year-to-date gain. But the index today was mainly boosted by shares of commercial aerospace and aluminum concept of sectors. Also, shares of the gold sector and energy sector outperformed with the gold sector gaining 3.4 percent and energy sector rising nearly 1 percent, with Shandong Gold Mining jumping 5.5 percent," Wang said.

"But on the flip side, the Shenzhen Component Index ended today lower by 0.24 percent. The CSI 300 Index declined as 0.24 percent. Shares of photovoltaic battery and wind power concepts leading the losses. Huadian New Energy Group was the biggest lagger tumbling 5.5 percent," she continued.

Chinese shares end mixed as Middle East tensions spark risk-off selloff

Chinese shares end mixed as Middle East tensions spark risk-off selloff

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