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Shipping rates between China and US surged amid rising demand, restocking efforts

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Shipping rates between China and the US have soared in the last three months as Chinese exporters and their customers in the US race to stock up on goods over concerns about potential new tariffs.

While China’s exports to the European Union and Japan both fell in July, the figure for the US rose 12.5 per cent for last month, up sharply from June, according to Chinese customs data.

As the exports increased . . .

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