America n shippers were already unhappy about their business outlook after President Donald Trump imposed steep new tariffs on China in April.

And they were not feeling much happier on Thursday, even after Trump announced a new trade truce with Chinese President Xi Jinping .

The consensus among U.S. shippers and logistics managers is that the deal is largely rhetoric and that it does not change the substance of the disagreements on trade between the two nations.

The note that tariffs on Chinese imports, even after the 10-percentage-point cut announced, remain high enough to put a serious dent on import volume.

The effective rate on Chinese imports is still around a minimum of 47% because tariffs are layered on top of each other depending on the physical characteristics of i

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