10:16 AM EDT, 05/12/2025 (MT Newswires) -- ZIM Integrated Shipping Services ( ZIM ) shares rose more than 17% in recent trading activity Monday after the US and China reached an agreement over the weekend to temporarily reduce reciprocal tariffs.

Trading volume stood at around 7 million shares against a daily average of about 6.4 million shares.

Under the deal, the US will cut tariffs on Chinese goods to 30% from 145% for 90 days, while China will reduce the tariffs on US goods to 10% for 90 days.

Price: 16.75, Change: +2.48, Percent Change: +17.36