Logistics firm Flexport reports that liners are slashing their China-to-U.S. carrying capacity at a faster rate than they did at the start of the pandemic.

Brazil accounted for more than 70 percent of soy exports to China last year and Trump’s trade war could allow it to solidify its market dominance.

Data suggests companies importing cargo on the OOCL Violet face at least $417 million in new Trump administration tariffs.