Container rates are down for now, but tariffs and Red Sea ordeal are big question marks - Home Furnishings News

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Container rates are down for now, but tariffs and Red Sea ordeal are big question marks - Home Furnishings News

London – Spot ocean container rates have fallen slightly over the past few weeks, currently sitting at an average of $3,273 across all trade routes, according to rate tracker Drewry. Rates from Asia to the U.S. are higher but still falling, sitting at $4,717 from Shanghai to Los Angeles and $6,212 from Shanghai to New York. Rates are expected to continue to decrease, although probably just by a small amount. “Spot rates from Asia to the U.S. are…