US President Donald Trump’s import tariffs on China on top of massive ocean freight rate increases due to the recent conflict in the Red Sea region have created a perfect storm for shippers, analysts have warned. According to a recent report by Xenata, Trump’s delay in implementing tariffs on Mexican imports has done little to ease the pain for US shippers who are still facing a 10% hike on tariffs for goods from China in addition to the massive increases in ocean container freight rates. Read more: www.freightnews.co.za