Ocean container carrier CMA CGM has introduced peak season surcharges on a number of Northern Europe-U.S., Canada and Mexico trade lanes, effective March 1. (The carrier announced the tariffs before President Donald Trump this week said he planned to delay by 30 days tariffs on Mexico and Canada.)
The surcharges follow the slack shipping season on the trans-Pacific following Lunar New Year. There had been expectations that, concurrent with announced U.S. tariffs on China, Mexico and Canada, importers may shift some sourcing; the surcharge may also be in expectation of importers frontloading in an effort to get ahead of potential tariff threats on European countries.
Read more in an article from FreightWaves.
