Tariff

Markets

Vietnam, South Korea and Thailand set to profit from new Trump tariffs

Containerised cargo imports into the US from Asia have continued to grow over the last 7 years despite the introduction of US import tariffs since 2018. Overall cargo growth grew by 3.5% on a compounded basis between 2017 and 2024 with all Asian origins recording positive cargo growth, including China that posted growth of 0.8% during the period. Although China’s share of total US imports from Asia decreased from 70.4% in 2017 to 58.9% in 2024, it remains the largest origin country of containe

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