The WSJ’s Daily Shot quotes Xeneta CEO Patrik Berglund as saying, “The chart shows the development of the short and long term market on Transpac Eastbound into LA ports.
The spike between the two red boxes indicates the temporary effect of the tariffs/trade war as US importers stocked up their warehouses. What's interesting though, is how the market has 'normalized' on the right red box vs. the left red box - it's a 15-20% hike. If that level holds (or even rises), we're talking about billions of dollars of increases that either US importers or consumers will need to absorb.”
