Chinese exporters raise fears of Christmas freight crisis

Red Sea attacks have pushed up costs and put pressure on profits during a critical season for trade. There are also worries that planned US tariff increases could further lift freight costs as exporters rush to front-load shipments.

Chan Ho-him, Joe Leahy and Oliver Telling

Jul 2, 2024 – 4.32pm

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At southern Chinese Christmas tree maker Golden Arts Gifts & Decor, the mood is anything but festive.

With freight costs rising due to attacks on Red Sea shipping by Yemen’s Houthi militant group, manager Richard Chan says this year is shaping up to be one of the worst in his more than two decades in the industry.

Financial Times