US Tariff Impact Tracker

The report tracks high-frequency freight data showing ongoing import volume resilience from China to the US. While trade policy uncertainty remains, shippers continue to restock, impacting near-term volume and rate trajectories.

Key Takeaways

• 1.Laden vessel traffic from China to the US showed sequential and YoY growth, supported by restocking and Liberation Day comps.
• 2.Trade policy uncertainty regarding Sec. 122 tariffs continues to create volatility for medium-term freight planning.
• 3.Ocean container rates on the West Coast surged 51% sequentially but remain down YoY, with geopolitical events and fuel surcharges posing upside risks to pricing.

Table of Contents

• Key observations from this past week's report
• What the Tracker Is
• 2026 Trade and Transport Scenario Roadmap — Revised From First and Second Edition
• What to do with Transport stocks
• High Frequency Weekly Data
• Lagged Monthly Data
• Disclosure Appendix