The United States has imposed tariffs again! The United States East, the United States West route freight rate rose sharply!
Date：2024-12-19 08:39:00 View：
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Recently, the dynamics in the field of international trade have once again aroused wide attention, especially the latest move by US President Joe Biden on trade policy towards China, which has triggered a series of chain reactions. In public, Biden had explicitly warned former President Trump that raising tariffs on Chinese goods would be a "big mistake," but surprisingly, the Biden administration then announced the decision to impose new tariffs on key materials imported from China.
According to the latest news, solar silicon and polysilicon, two important energy materials, the import tax will be significantly increased from the original 25% to 50%. At the same time, certain tungsten products used in the manufacturing of electronics and semiconductor industries will also be subject to new tariffs of up to 25%. This series of tariff adjustments will undoubtedly have a profound impact on the trade relations between China and the United States, and will also affect the stability of the global industrial chain and supply chain.
It is worth noting that the new import tariffs will go into effect on January 1, 2025, just weeks before Trump's inauguration. The choice of this time node undoubtedly intensifies the complexity of Sino-US trade relations, and also makes the future economic and trade cooperation between the two countries full of more uncertainties.
In addition to the impact of tariff policies, frequent adjustments in Sino-US trade relations have also triggered sharp fluctuations in the shipping market. Affected by the continuous adjustment of the tariff policy of the United States to China, the freight rate of the United States East and West routes has risen sharply.
According to the Shanghai Export Container Comprehensive Freight Index (SCFI) released by the Shanghai Shipping Exchange, the index reached 2,384.40 points on December 13, up 5.7 percent from the previous week.
Among them, the North American route freight rate increase is particularly striking. On December 13, the market freight rate for exports from the port of Shanghai to the Western United States and the Eastern United States was 4,023 US dollars /FEU and 5,494 US dollars /FEU, respectively, up 21.6% and 11.6% compared with the previous week.
The increase is not only a recent high, but also reflects the huge impact of Sino-US trade tensions on the shipping market.
In addition, the Ningbo Export Container Freight Index (NCFI) of the Maritime Silk Road Index released by the Ningbo Shipping Exchange also showed an upward trend. On Dec. 13, the index closed at 1,722.8 points, up 4.8 percent from the previous week.
Out of 21 routes, the freight index rose on seven routes, while it fell on 14 routes. Among them, the U.S. East route and the U.S. West route increased particularly significantly, up 10.0% and 43.5% respectively from the previous week.
This series of data shows that the tensions in Sino-US trade relations have had a profound impact on the global shipping market. In the future, with the further development of Sino-US trade relations, the shipping market may face more challenges and opportunities. KingOne in advance of the shippers, the East and west coast of the United States freight rising, the planned delivery of shippers can be prepared in advance of the shipment plan reasonable delivery.
