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Introduction:
On June 11th local time, Donald Trump claimed that a US-China trade agreement is "already done" and awaits final approval. He emphasized that US tariffs on China are "a total of 55%," while Chinese tariffs on the US are 10%. The US, he stated, will allow Chinese students to continue studying in America.
Following negotiations held in London, Trump declared on June 11th that US tariffs on China would be locked at 55%, while Chinese tariffs on the US would be only 10%. The Commerce Secretary quickly echoed this, stating "no further tariff increases," attempting to reassure the market.
However, this 55% tariff claim is seriously misleading:
A Numbers Game of Layered Tariffs: The 55% figure is actually the theoretical sum of the previous administration's 25% base tariff, a 10% tariff related to fentanyl, and a 20% tariff imposed during Trump's own term.
Actual Effective Rate Remains Around 30%: According to the May Geneva agreement, the US has suspended 24% of the additional tariffs. The current composite rate is approximately 30%.
"A 55% tariff on our largest apparel supplier, on top of already high duties, is no victory for the people!"
------ Steve Lamar, CEO, American Apparel & Footwear Association (AAFA)
Despite Trump's claim of "the trade war being over," supply chain executives have collectively issued warnings.
Steve Lamar, CEO of the AAFA, pointed out that a 55% tariff layered on existing rates means "virtually every piece of apparel and every pair of shoes sold in the US will face higher tariffs." These costs will directly impact American families, especially during the crucial back-to-school and holiday shopping seasons. Walmart has already cited tariffs as the reason for initiating "historically unprecedented" price increases starting in May.
The trucking industry is bearing the brunt. While imports account for 10% of its business, a decline in domestic manufacturing demand combined with a weak California agricultural season (due to a cold spring and sluggish consumption) has led to a 7.42% year-on-year drop in intermodal volume and a 13.37% year-on-year decrease in truck tonnage. The Ocean TEU Index shows that 2025 freight volume is slightly below 2024 levels.
Ports of Los Angeles and Long Beach continue to face challenges with accumulating empty containers. Although outbound empties have increased, terminal operating capacity remains only at 60%-75%, and blank sailings have disrupted equipment repositioning. CH Robinson predicts port weakness will persist. While early June freight volume rose month-on-month, it still lags behind the same period last year.
Shippers rushing to stockpile goods before the July tariff suspension deadline have caused freight rates to surge.
Yantian → Los Angeles: June 6-10, 40ft container rates soared from $6,100 to $6,645.
Ningbo → US West Coast: Rates jumped from $5,797 to $6,439 during the same period.
US East Coast Routes: Freight rates rose 60%, breaking through $7,000/FEU.
Chain Reaction Sweeps Globally:
Asia-Mediterranean freight rates surged 32% in a single week, reaching $4,285/FEU.
Carriers plan to impose $1,000-$3,000 surcharges in mid-June, further driving up costs.
"The current rate behavior reflects not demand growth, but panic-driven frontloading of shipments."
------ Revised Forecast Report, National Retail Federation (NRF)
Amid the current unpredictable tariff environment, Shengshi Group is committed to being your solid backbone, standing shoulder-to-shoulder with you.
Shengshi Group Global Logistics – Specializing in US final clearance & transshipment, Amazon FBA logistics, and one-stop third-party warehousing services. Headquartered in Los Angeles. As a US-based customs broker, we possess over 40 years of clearance experience and our own in-house Green Card holder Chinese clearance team. We have the latest news, firsthand information to help you avoid pitfalls and achieve comprehensive cross-border e-commerce business development.
In this challenging tariff environment, choosing us means choosing professionalism, efficiency, and peace of mind. Shengshi Group will go all out, using our professional capabilities to safeguard your cargo, supporting your steady progress in the complex and ever-changing international trade market. Let's overcome difficulties together and open up a broader business horizon!
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