Chinese Port Activity Surges to Record After Trade Truce With US
Chinese ports just had their busiest week on record, likely due to exporters racing to get goods into the US as quickly as possible ahead of tariffs that may be imposed early next month.
Some 6.7 million standard containers were shipped domestically and internationally last week, the Ministry of Transport said on Tuesday. The almost 6% jump in traffic from the previous week came after a trade truce agreed with Washington earlier in June. In May, Chinese exports to the US fell the most since the early days of the pandemic.
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