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Chinese logistics enterprises ramp up shipments after China-US tariff adjustment

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Chinese logistics enterprises ramp up shipments after China-US tariff adjustment

2025-05-16 12:25 Last Updated At:17:57

Many Chinese logistics companies are ramping up their shipments for the U.S. market following the latest round of mutual tariff adjustments between China and the United States.

China and the United States announced in Geneva on Monday a series of tariff modification measures aimed at easing trade tensions between the world's two largest economies.

The decision followed a two-day China-U.S. high-level meeting on economic and trade affairs, where both sides recognized the importance of their bilateral economic and trade relationship to both countries and the global economy, a joint statement said, noting that both sides emphasized the need for a sustainable, long-term and mutually beneficial economic and trade relationship.

The latest measures have driven up the businesses of shipping companies in Shenzhen City, in south China's Guangdong Province.

In a freight forwarding company in Shenzhen, the manager said that U.S. clients are experiencing shortages of supplies and are pressuring them to expedite shipments on the next available vessels. The staff members are busy organizing export release documents, with stacks of paperwork for shipments to ports in Los Angeles, New York, and Chicago.

"Since the afternoon of May 12, our shipment volume has increased by 40 percent. By June, it should at least be doubled compared to now," said Fu Shengying, deputy general manager of Guangdong Branch of WorldEx Group.

Fuwei Community in Bao'an District, Shenzhen, is an important hub for cross-border e-commerce logistics. Recent data shows that the average daily export shipment volume here has increased by 14 percent over the past three days compared to May 11.

In another logistics company specializing in cross-border e-commerce, orders from U.S. clients have also surged. According to the company, these clients are facing low inventory and need to restock immediately. Over the past few days, the company has received more orders than during the same period in the previous years.

The company manager noted that the surge in order volume has led to increased demand for container ships. Consequently, some shipping companies are starting to adjust their capacity allocation on a global scale.

"Many shipowners had previously adjusted their capacity, but now that a large volume of cargo is suddenly coming in, there is a shortage of capacity. Consequently, freight rates are rising rapidly. Despite this, many clients are still very eager to ship their goods," said Luo Rong, general manager of Shenzhen Branch of Dewell Group.

Yantian Port in Shenzhen is the busiest shipping hub in South China for routes between China and the United States, handling over a quarter of the country's exports to the United States. To meet the surge in demand from U.S. clients, Yantian Port is now scheduling six daily sailings to the United States.

The port staff said that they have recently received inquiries from several shipping companies and are coordinating berth arrangements and schedules. They are prioritizing vessels for U.S. routes at Yantian Port.

Summer is the traditional Christmas ordering season in the United States, and due to previous export suspensions, American sellers' inventories have been declining and urgently need restocking. As a result, demand for Chinese goods is expected to keep rising in the near future.

Chinese logistics enterprises ramp up shipments after China-US tariff adjustment

Chinese logistics enterprises ramp up shipments after China-US tariff adjustment

Chinese logistics enterprises ramp up shipments after China-US tariff adjustment

Chinese logistics enterprises ramp up shipments after China-US tariff adjustment

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U.S. stocks close lower to end week

2025-07-12 11:41 Last Updated At:12:17

U.S. stocks ended lower on Friday, pulling back from record highs set a day earlier, after U.S. President Donald Trump announced a new 35 percent tariff on goods imported from Canada and warned of even broader tariff hikes.

The Dow Jones Industrial Average fell by 279.13 points, or 0.63 percent, to 44,371.51. The Standard and Poor's 500 sank 20.71 points, or 0.33 percent, to 6,259.75. The Nasdaq Composite Index shed 45.14 points, or 0.22 percent, to 20,585.53.

Nine of the 11 primary Standard and Poor's 500 sectors ended in red, with financials and health leading the laggards by losing 1.00 percent and 0.88 percent, respectively. Energy and consumer discretionary led the gainers by going up 0.48 percent and 0.33 percent, respectively.

Trump justified the higher duties on Canada by citing fentanyl concerns and warned the tariffs could go even higher if Canada retaliates.

In an interview with NBC News, the president said he is considering blanket tariffs of 15 percent to 20 percent on all remaining U.S. trading partners, which is significantly above the 10 percent level investors had largely come to expect.

Markets are also watching for further trade developments, particularly with the European Union. While traders anticipate an update from Trump on EU negotiations, it is unclear whether he will impose new tariffs, as he did with Canada, or simply signal progress in ongoing deal talks.

The tech sector, which has helped propel the market to recent highs, was mixed on Friday.

Nvidia shares rose 0.5 percent, extending gains after the artificial intelligence chipmaker became the first company ever to close with a market cap above 4 trillion U.S. dollars.

Amazon added more than 1 percent as its Prime Day sales event wrapped up, while Tesla and Alphabet also climbed more than 1 percent.

Microsoft ticked higher, while Apple and Broadcom edged lower.

Meta Platforms fell 1.34 percent on Friday, one day after reports surfaced that the company had offered a compensation package exceeding 200 million dollars in an attempt to lure away Apple's top executive overseeing artificial intelligence models.

Bond markets reacted to the tariff developments as well, with the yield on the 10-year Treasury note rising to 4.42 percent from 4.35 percent at Thursday's close, reflecting increased uncertainty about inflation and interest rate policy.

Looking ahead, investors will turn their attention to next week's start of the second-quarter earnings season and key inflation data releases, both of which could shape the Federal Reserve's next moves.

U.S. stocks close lower to end week

U.S. stocks close lower to end week

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