The ceasefire in the tariff fight between the world’s two largest economies is encouraging trade across the Pacific, holding up freight prices three weeks on, even as container bookings have begun to slow.

A one-two punch from the United States risks shattering the already fragile trade war truce between Washington and Beijing, with Chinese tech companies and students both dealt shock blows by the Trump administration Wednesday night.

Following tariffs pause with Beijing, Trump has cracked down on Chinese students and access to advanced computer chips.