Ripple effects from the US–China tariff suspension extend beyond transpacific trade. Spot rates on the Asia-Europe trade lane surged by 60% and capacity is looking tight. Keep reading to find out the latest for June.
A U.S. court has ruled that certain presidential tariffs may be unlawful without Congressional approval. This could impact future trade actions and create opportunities for tariff refunds, adding new uncertainty for importers and logistics providers.