China-US container rates hit 2-year high ahead of tariff changes

Companies rush to get holiday goods through customs before potential increase A cargo ship plies the waters off the coast of New York in June. (Photo by Naoki Watanabe) TOKYO — Spot freight rates for container ships traveling from China to the U.S. have hit the highest level in nearly two years, as retailers and other businesses rush to bring in holiday season products ahead of a potential increase in tariff rates.

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