Little ocean or air freight shake up forward of August seventh up to now – August 05, 2025 Replace

Weekly highlights

• Asia-US West Coast costs (FBX01 Weekly) stayed degree at $2,342/FEU.     
• Asia-US East Coast costs (FBX03 Weekly) fell 4% to $3,950/FEU. 
• Asia-N. Europe costs (FBX11 Weekly) stayed degree at $3,431/FEU. 
• Asia-Mediterranean costs (FBX13 Weekly) fell 4% to $3,263/FEU.

• China – N. America weekly costs fell 13% to $4.63/kg.
• China – N. Europe weekly costs stayed degree at $3.71/kg.
• N. Europe – N. America weekly costs fell 1% to $1.75/kg.

Evaluation

President Trump signed an govt order final week hours earlier than the August 1st tariff deadline, that can put the administration’s reciprocal tariffs for exports from an extended record of nations into impact for all items not loaded earlier than August seventh.  

For many nations, the order raises tariffs to in regards to the 15% to twenty% degree additionally set in a lot of the negotiated commerce offers – together with a US settlement with South Korea that Trump introduced final week – up to now. Some nations like Switzerland and India, nonetheless, will face tariffs at increased ranges, and proceed to attempt to negotiate.
Different commerce conflict developments embrace Trump granting Mexico a 90-day extension of its August 1st deadline, after which 30% tariffs on Mexico’s exports can be launched, as negotiations proceed. Whereas in a separate govt order, the president elevated tariffs on Canada from 25% to 35% for all non-USMCA exports as US-Canada tensions have elevated.

The US 30% baseline tariff for China continues to be set to run out August twelfth, and although talks final week resulted in optimism that the edges would agree to increase the established order for an additional 90 days, there was no official announcement but. 

Lastly, Trump signed a proclamation based mostly on a Part 232 investigation into US copper imports that raised copper tariffs to 50% on August 1st, although the dedication exempts refined copper from the obligation.  The administration’s requested Part 232 probe into semiconductors is anticipated to conclude within the subsequent two weeks, and the president has additionally talked about implementing tariffs on prescribed drugs via this legislation, although these could also be farther off.

For freight markets final week’s dramatic bulletins don’t seem to have had a lot speedy influence. A number of months in the past, many shippers rushed to get items loaded between the April 2nd tariff announcement and the April ninth load-by deadline. This time round there doesn’t appear to be a lot last-minute rush forward of August seventh, probably as a result of frontloading to beat the unique July deadline and shippers tiring of tariff-driven whiplash made this window a lot much less pressing. 

For ocean freight, transpacific container charges to the West Coast have been degree at about $2,300/FEU for the third straight week final week, with day by day charges since August 1st truly dipping by about $100. Costs to the East Coast fell 4% to $3,950/FEU, for the sixth consecutive week on week lower, and have likewise continued to ease for the reason that govt order. Transatlantic charges have been degree at about $1,900/FEU. 

Freightos Terminal customized port pair information likewise present pattern charges to Lengthy Seaside from particular origins dealing with tariff will increase like Vietnam and India have been about degree for the reason that 1st. One exception have been costs from Indonesia, dealing with 19% tariffs on August seventh, which elevated a reasonable 8% for the reason that announcement.

Although a 90-day tariff extension for China may result in some transpacific ocean demand rebound, right here too frontloading thus far probably signifies that the height for the transpacific ocean peak season this 12 months would nonetheless stay behind us.

Asia – N. Europe container charges have been steady final week at about $3,400/FEU and have been at about this degree since early July regardless of experiences of a comparatively sturdy peak season and ongoing congestion.  Asia – Mediterranean costs fell 4% to $3,263/FEU final week marking seven straight weeks of declines and dipping under Asia – N. Europe ranges for the primary time since November. 

Air cargo markets, like ocean, present little signal of any final minute push to load items earlier than the August seventh tariff deadline. Freightos Air Index information exhibits charges have gone unchanged out of most areas to the US, although costs from S. Korea to N. America have elevated 11% and from LATAM 7% in comparison with simply earlier than the manager order.

Final week’s presidential actions included an govt order that can shut the US’s de minimis exemption to items from all origins on August twenty ninth. The de minimis exemption has been one key to the surge of B2C e-commerce items getting into the US principally through air cargo for the previous two years. 

The US suspended de minimis only for China beginning in Could, resulting in a big drop – however not collapse – of air volumes on this lane. The vast majority of de minimis packages getting into the US within the final two years have been from China, however closing the exemption for all origins on Aug twenty ninth  may imply an extra problem for air carriers servicing the US, and for shoppers and small enterprise importers who’ve relied on this exemption.