US-China trade truce will not revive weakening ocean container shipping market with freight rates still expected to fall in 2026
The US and China reached a 12-month trade war truce this week, including lowering fentanyl tariffs by 10% and suspending port fees – but it will not halt the decline in ocean container freight rates in 2026. Average spot rates from China to US West Coast on 31 October are down 59% year-on-year at USD …
