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Last Friday, the US Supreme Court ruled that President Trump did not have authority to create and impose last year’s import tariffs as he did, effectively invalidating these tariffs. The American Government quickly imposed an alternative blanket 10pct tariff to all imports instead using a different legal statute.

Chinese exports grew in 2025 despite a decline of exports to the United States; other countries took up the slack. Middle East tensions continue to cast a cloud over any hope of a large-scale Red Sea return any time soon. FBX01 (China/East Asia – USA West Coast) has increased by $17 from last Friday, ending the week at $1,850. FBX03 (China/East Asia – USA East Coast) remained almost unchanged, ending the week at $3,021 down $7 from last Friday. FBX11 (China/East Asia – North Europe) lost $97 from the end of last week, ending the week at $2,392. FBX13 (China/East Asia – Mediterranean) also decreased this week, down $77 against last Friday closing the week at $3,717.