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Yang Ming forecasts a "positive trend" for Q3 shipping volumes and rates as US-China tariff pressures ease, but warns of uncertainty due to Iran-Israel tensions and potential Red Sea route reopening.

Trump¡¯s retaliatory tariffs have disrupted 35¨C40% of China-US shipments and 30% of Vietnam-US cargo, with e-commerce volumes halved. Carriers hold rates steady but cut sailings, forecasting 10%+ annual volume drop. A pre-tariff rush (for goods shipped before April 9) offers brief relief, but long-term contracts face renegotiation as spot rates dip below $2,300/FEU to the US West Coast.