Michael Emiliani for Freight Right Global Logistics

Transpacific shipping rates hold steady as tariff uncertainty keeps importers on the sidelines

Reciprocal tariffs are back, rates are back to 2024 levels — for now — and more.

Last week, global trade policy was dominated by sharp escalation in U.S. tariffs under the Trump administration. On July 31, a sweeping executive order set new reciprocal tariffs, ranging from 15 % baseline to as high as 50% on imports from countries like Canada, Brazil, India, Taiwan, and Switzerland, scheduled to take effect Aug.  7. These measures rattled global markets, with stock indices dropping and investor confidence wavering. India was singled out in U.S. policy rhetoric and tariff enforcement, with no exemptions granted, Freight Right Global Logistics

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