The shipping industry appeared to breathe a sigh of relief after President Donald Trump’s decision to pause reciprocal tariffs on foreign imports for 90 days, with bookings for freight deliveries surging.

Trump on Wednesday ordered the pause for most of the U.S.’s largest trading partners, with the exception of China, but still is maintaining a baseline of 10% tariffs on nearly all global imports.

“We started seeing a ton of bookings cancel at origin over the ocean as early as last week, and as we got closer to the tariff date on [Wednesday] we saw more cancellations,” Paul Brashier, vice president of global supply chain for ITS Logistics, told CNBC on Thursday. “But with this recent announcement on the pause on tariffs with the exception of China, we may have orders rebooked from those regions.”

Read more at Newsmax© 2025 Newsmax. All rights reserved.