--- title: Upward momentum as tariffs are rolled back description: "The easing of trade tensions between the United States and China welcomed with global relief\n\nThis week, markets responded positively to the agreement between the United States and China to reduce tariffs for an initial period of 90 days.\n\nU.S. tariffs on Chinese imports were lowered from 145% to 30%, while Chinese tariffs on U.S. exports decreased from 125% to 10%. Although previous tariffs remain in effect, this de-escalation is seen as a net benefit for global trade and overall sentiment, particularly for maritime volumes.\n\nThe tanker market remains resilient despite the recent decline\n\nIn the tanker market, trends have been mixed, but signs of strengthening are emerging following the recent rate decline two weeks ago. VLCC earnings have increased, and the Suezmax segment has found a floor after a short-term weakness. The rise in chartering activity this week has bolstered a firmer sentiment, and the planned production increase by OPEC+, expected to fully reverse the 2.2 mbd cut by October, could further drive rates up. According to Arctic Securities, this would imply an annual demand for 70 Suezmax equivalents (34 VLCCs) to handle the additional crude volumes." image: https://blog.maritimefinance.ch/hubfs/W14_article_1-1.jpg --- [![EMF](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/EMF.png)](https://maritimefinance.ch/fr) - [ABOUT](https://maritimefinance.ch/about-us/) - [OUR FLEET](https://maritimefinance.ch/our-fleet/) - [PAST PERFORMANCE](https://maritimefinance.ch/past-performance/) - [INVESTMENTS](https://maritimefinance.ch/investments/) - [MARKET NEWS](https://blog.maritimefinance.ch/en/marketreportweekly) - [GLOBAL NEWS](https://maritimefinance.ch/global-news/) - [CONTACT US](https://maritimefinance.ch/contact-us/) - [ABOUT](https://maritimefinance.ch/about-us/) - [OUR FLEET](https://maritimefinance.ch/our-fleet/) - [PAST PERFORMANCE](https://maritimefinance.ch/past-performance/) - [INVESTMENTS](https://maritimefinance.ch/investments/) - [MARKET NEWS](https://blog.maritimefinance.ch/en/marketreportweekly) - [GLOBAL NEWS](https://maritimefinance.ch/global-news/) - [CONTACT US](https://maritimefinance.ch/contact-us/) [![fr_FR](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/fr_FR.png)](https://blog.maritimefinance.ch/marketreportweekly?hsLang=en) [![en_GB](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/en_GB.png)](https://blog.maritimefinance.ch/en/marketreportweekly) [![fr_FR](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/fr_FR.png)](https://blog.maritimefinance.ch/marketreportweekly?hsLang=en) ![Upward momentum as tariffs are rolled back](https://blog.maritimefinance.ch/hubfs/W14_article_1-1.jpg) # Upward momentum as tariffs are rolled back - Home - [blog](https://blog.maritimefinance.ch/en/marketreportweekly) - Upward momentum as tariffs are rolled back 05/26/2025 [Market update](https://blog.maritimefinance.ch/en/marketreportweekly/tag/market-update) 1 Minutes ![W14_article_1-1](https://blog.maritimefinance.ch/hs-fs/hubfs/W14_article_1-1.jpg?width=1200&height=884&name=W14_article_1-1.jpg) The easing of trade tensions between the United States and China welcomed with global relief This week, markets responded positively to the agreement between the United States and China to reduce tariffs for an initial period of 90 days. U.S. tariffs on Chinese imports were lowered from 145% to 30%, while Chinese tariffs on U.S. exports decreased from 125% to 10%. Although previous tariffs remain in effect, this de-escalation is seen as a net benefit for global trade and overall sentiment, particularly for maritime volumes. The tanker market remains resilient despite the recent decline In the tanker market, trends have been mixed, but signs of strengthening are emerging following the recent rate decline two weeks ago. VLCC earnings have increased, and the Suezmax segment has found a floor after a short-term weakness. The rise in chartering activity this week has bolstered a firmer sentiment, and the planned production increase by OPEC+, expected to fully reverse the 2.2 mbd cut by October, could further drive rates up. According to Arctic Securities, this would imply an annual demand for 70 Suezmax equivalents (34 VLCCs) to handle the additional crude volumes. High Expectations for Medium-Term LPG In the LPG market, rates have significantly rebounded. After briefly falling below USD 10,000 per day in April, spot rates now exceed USD 50,000 per day, supported by resilient U.S. propane exports despite limited domestic storage. With new U.S. export capacities expected to come online in the coming months, freight volumes are anticipated to rise in the third quarter, thereby supporting revenues beyond the summer. Sources: BRS, Clarksons, Arctic Securities. --- #### Tag: [Market update](https://blog.maritimefinance.ch/en/marketreportweekly/tag/market-update) #### Share: - [Follow us on Facebook](http://www.facebook.com/share.php?u=https://blog.maritimefinance.ch/en/marketreportweekly/upward-momentum-as-tariffs-are-rolled-back) - [Follow us on Twitter](https://twitter.com/intent/tweet?url=https://blog.maritimefinance.ch/en/marketreportweekly/upward-momentum-as-tariffs-are-rolled-back&text=Upward%20momentum%20as%20tariffs%20are%20rolled%20back) - [Follow us on Linkedin](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.maritimefinance.ch/en/marketreportweekly/upward-momentum-as-tariffs-are-rolled-back) - [Follow us on Pinterest](http://pinterest.com/pin/create/button/?url=https://blog.maritimefinance.ch/en/marketreportweekly/upward-momentum-as-tariffs-are-rolled-back&text=Upward%20momentum%20as%20tariffs%20are%20rolled%20backdescription=The%20easing%20of%20trade%20tensions%20between%20the%20United%20States%20and%20China%20welcomed%20with%20global%20relief%20This%20week,%20markets%20responded%20positively%20to%20the%20agreement%20between[...]&media=https://143789414.fs1.hubspotusercontent-eu1.net/hubfs/143789414/W14_article_1-1.jpg) --- #### [Shadow fleet and sanctions in focus Previous Post](https://blog.maritimefinance.ch/en/marketreportweekly/shadow-fleet-and-sanctions-in-focus?hsLang=en) #### [Trafigura passe une commande historique de navires transportant de l’ammoniac Next Post](https://blog.maritimefinance.ch/en/marketreportweekly/trafigura-passe-une-commande-historique-de-navires-transportant-de-lammoniac?hsLang=en) --- ## Related Posts It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. 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