Experts are predicting a surge in the shipments of goods from China to the U.S. following the 90-day tariff pause, which could potentially spur economic activity in the term.
What Happened: According to Ryan Petersen, the founder and CEO of a supply chain management company, Flexport, ocean freight bookings from China to the U.S. increased 35% on the first day since the trade deal.
“A big backlog is looming; soon the ships will be sold out,” he added.
Louis Navellier from Navellier & Associates also backed this by forecasting that businesses were likely to load up on goods during the 90-day postponement …