Explore the April 2025 GCP Trade Report
Uncover key insights and strategic guidance to help you navigate today’s trade complexities and cost challenges with confidence.
Highlights from the Report:
- At the current proposed tariff rates U.S. consumers face an overall average effective tariff rate of 28%, the highest since 1901.
- Recent remarks has seen Trump turned down his aggressive rhetoric towards China saying he’d be willing to “substantially” pare back his tariffs on China.
- The ISM® Prices Index has increased 21.1 points over the past six months to record its highest reading since June 2022.
- Global trade tensions are weighing on natural rubber prices, falling 16.5% month-over-month.
- The latest rise in global manufacturing production was limited to emerging markets, which continues to see traces of tariff-related front-loading activity, while developed market’s manufacturing output returned to contraction.
- For March, U.S. ports are expected to process 2.14 million Twenty-Foot Equivalent Units (TEUs), up 11.1% year-over-year, due again to tariff-related front-loading activity.
- From March 24-31 to April 1-8 after the U.S. announced its reciprocal tariffs:
- Global twenty-foot equivalent units booked plummeted by 49%.
- Overall U.S. imports fell by 64%.
- U.S. exports declined by 30%.
- U.S. imports from China dropped 64%.
- U.S. exports to China decreased by 36%.
- The ocean freight market has been thrown into turmoil. For Asia to N.A. East Coast starting May 5 there is a major spike in blank sailings totaling 35% of the total offered capacity. For Asia to N.A. West Coast 28% of total capacity is expected to be blanked.
Learn more about these key issues in the full report linked below.
📄 Report Length: 3260 words
⏱ Estimated Reading Time: 9.5 minutes
