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After the U.S. and Chinese governments agreed to slash reciprocal tariffs, shipping lines are expecting an early peak season on the transpacific eastbound trade, and have announced surcharges of $1,000 to $2,000 per 40ft, said container shipping consultancy Linerlytica.
Peak season is traditionally between July and September, when U.S. and European retailers stock up with goods from Chinese factories for the Thanksgiving and Christmas holiday seasons.
During the 90-day grace period of reduced tariffs, U.S. importers are expected to front-load to avoid potential hikes once the window closes.
Under U.S. Federal Maritime Commission regulations, carriers must announce price changes 30 days before they come into effect. However, a number of carriers currently have a May 15 general rate increase (GRI) on transpacific eastbound shipments already in place, which could prove to be first GRI in months to actually stick.
Read more in an article from gCaptain.