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The strategy of only relying on unilateral pressure is causing a lot of collateral damage in the United States and elsewhere. We should stop bashing our allies, threatening tariffs with them [and] collaborate with them.

The FBX, a global container freight index measuring spot rates on major global trades, had an overall reading of $1,342 per FEU as of June 14, down 1.5% from a week prior, but up 3.4% from a year prior.

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