Transatlantic rates have been resilient but trade war fallout looms
- EU is retaliating against US tariffs on European steel and aluminium
- Trump threatens 200% tariff on European alcoholic beverages, which represented 9% of transatlantic westbound container volumes last year
- Drewry WCI Rotterdam-New York index tops the global composite index for the first time since the Red Sea crisis began
Spot rates in the transatlantic westbound trade have held up better than Asia-US and Asia-Europe rates this year. However, future Europe-US cargo flows are under threat as tariffs and retaliatory tariffs pile up.
