North America-Bound Ocean Freight Rates Soar! Panic Demand Driven by Tariff Cut

Hello, this is Iino.

Today’s update covers the sharp rise in ocean freight rates from China to North America starting June 2025.

Since April 2025, rates have been surging, and now official figures are out.

Freight Rates Nearly Double from June

Starting June 1, major carriers have announced new spot rates:

These rates are approximately twice the current levels.

Reference (end of March 2025):
・West Coast: $1,600 → Now: $2,567
・East Coast: $2,600 → Now: $3,567

Some carriers are even considering a hike to $8,000/FEU in mid-June, suggesting a possible repeat of last year’s surge.

Behind the Spike: Panic Demand from Tariff Cuts

The main factor is the temporary U.S.-China tariff reduction (from 145% to 30%).

Importers are rushing to move goods within the 90-day grace period to avoid potential hikes later.

・Retailers and importers are booking space rapidly
・Factories in China are ramping up production

Outlook: High Rates May Persist Until Late September

The tariff relief is expected to continue until late August, followed by peak season shipping for China’s National Day (October 1).

This means high freight rates could continue until late September.

Some U.S. importers may also shift sourcing away from China to manage future risk.

Stay Updated on Rates

Current spot rates:
・West Coast: $6,000
・East Coast: $7,000

Though some may find these levels high, rates could rise further.
It’s crucial to monitor the latest trends and book wisely.