The dip in prices comes as maritime shippers contend with U.S. fees on China-linked vessels and a ceasefire pact that could help reopen Red Sea transport.
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While some companies are using regional supply chains or leaning on tariff exemptions by maximizing compliance, others are frozen in place.
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Vessels for countries supporting the Net-Zero Framework, a tax aiming to trim shipping emissions, could face blocked port entries or visa restrictions.
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The new duties will take effect Nov. 9 and could be followed by 150% levies on other port-related equipment.
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The furniture retailer’s strategy includes price hikes, supplier negotiations and diversifying its sourcing footprint beyond China.
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