The tariff war has been suspended, and the volume of container transportation orders from China to the United States has soared

(Los Angeles, Reuters) After China and the United States agreed to suspend reciprocal tariffs imposed on each other in April this year, the volume of container shipping orders from China to the United States soared by nearly 300%.

Reuters, citing data from container tracking software provider Vizion, reported that in the seven days ending Wednesday (May 14), the average order volume of containers shipped from China to the United States was 21,430 TEUs (20-foot containers, TEUs). Compared with 5,709 in the week ending May 5th, the increase was as high as 277%.

Tracy, vice president of strategic business development at Vizion, believes that after the suspension of reciprocal tariffs between China and the United States, orders began to flow back.

US President Trump has previously successively announced the imposition of additional tariffs on China, with the cumulative additional tariff rate reaching 145%. American importers have stopped importing goods from China since April 2nd. However, China and the United States made a breakthrough in the negotiations in Geneva, Switzerland last weekend (May 10 to 11), agreeing to mutually reduce tariffs for 90 days. The United States significantly lowered the additional tariffs to 30%, and China also reduced the additional tariffs imposed on the United States from 125% to 10%.

It is reported that the volume of orders from China and the United States received by German container shipping giant Hapag-Lloyd within the first three days of this week has been 50% higher than that of last week.

Hapag-lloyd's CEO, Jensen, said, "I expect the volume of transportation between China and the United States to continue to increase in the future." The data of the past few days have shown such a trend.