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The ceasefire in the tariff fight between the United States and China is encouraging trade across the Pacific, holding up freight prices three weeks on, even as container bookings have slowed.

A federal appeals court has allowed President Donald Trump to temporarily continue collecting tariffs under the emergency powers law while he appeals the federal trade court’s decision.

U.S. ports continued to see year-over-year container volume increases in April even amid shifting trade policies in recent months.

The Trump administration says it will go to the Supreme Court if needed to overturn a May 28 court decision against his new tariffs. 

A federal court blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency powers law, swiftly throwing into doubt Trump’s signature set of economic policies.

New York won a court order temporarily barring the Trump administration from withholding federal approvals or funds for the state’s transportation projects.

President Donald Trump said May 25 that the U.S. will delay implementation of a 50% tariff on goods from the European Union from June 1 until July 9 to buy time for negotiations with the bloc.

President Donald Trump on May 23 threatened a 50% tax on all imports from the European Union as well a 25% tariff on Apple products unless iPhones are made in America.

The comments are likely a final salvo from David McCall, who has stood in opposition of U.S. Steel’s proposed sale to the Japanese suitor since the deal was announced in December 2023.

“When it comes to inside China … there is still bipartisan and broad concern about what can happen to these GPUs once they’re physically inside” the country, a White House adviser said.