高盛：用 80 张图表看全球：贸易战影响

7 April 2025 | 6:00AM CEST Around the world in 80 charts Trade war impacts Positive Q1 trade volume growth, set to decline from here Q1 freight volume data remained fairly strong, with Ocean volumes up c.5% on our readings for Jan/Feb, and China port volumes up 10%yoy, while air cargo is up low single digits following a strong Q4 peak. However, we believe a lot of this reflects frontloading of US imports as we have highlighted in prior editions. As US tariff increases are set to take effect in April (and po ...