Stay Ahead of Trade Trends in 2025
The June GCP Trade Report offers clear insights and actions to keep your business moving confidently.
Highlights from the Report:
- The U.S. and China finalized a trade understanding on June 24th building on the agreement which was originally reached last month in Geneva.
- As the July 9 deadline nears, the administration is preparing to finalize upward of 10 trade deals in the coming two weeks.
- For countries that do not reach agreements with the U.S. by July 9th, President Trump has said that he will send “letters” to countries dictating trade terms and tariff rates.
- Raw material prices continued their upward trend in May, the index has climbed 19.1% over the past six months, a strong signal that inflationary pressures on intermediate materials remain persistent.
- Global manufacturing production fell at the sharpest pace in eight months. Disruptions from U.S. policy acted as the key dampener on manufacturing performance.
- U.S. ports in May processed 1.91 million Twenty-Foot Equivalent Units (TEUs) down 13.4% from April and down 8.1% year-over-year (YOY).
- U.S. imports from China fell to 637,001 TEUs which is a 20.8% drop from April and 28.5% YOY.
- Large U.S. importers (retailers and manufacturers) are pulling forward third-quarter orders from China to lock in shipping costs and reduce exposure to future policy shifts. This front-loading of summer demand is expected to sustain elevated shipping activity through mid-summer, potentially straining available vessel space in the coming weeks.
- National average trucking spot rates have held largely flat for 2025 but have increased slightly for three straight months.
Learn more about these key issues in the full report linked below.
⏱ Estimated Reading Time: 10 minutes
📄 Report Length: 3,380 words
