“The cabin space on the US route is full!” A person in charge of a sea freight forwarder in Shenzhen told The Paper on May 13 that as soon as the news of the tariff reduction was released yesterday, the half-month shipping space under the US line was flooded in no time. The freight rate was pushed up in the second half of the month due to the adjustment. The freight rate kept rising in the afternoon of May 13.

Many freight forwarders said that the peak season for the US route is concentrated from June to September, which is also the peak season for US exports.

The news of the tariff reduction is a major boost. Overall, the pressure has eased somewhat. A person in charge of an export factory that makes outdoor roof tents said, “This time, we will clear the inventory first, but the prices of subsequent orders need to be renegotiated with American customers.” Previously, the person in charge told the reporter that since the products produced were entirely developed for overseas markets, they could only be in a wait-and-see state before.