One of the world’s biggest container-shipping companies says this week’s tariff rollback is spurring a renewed burst of U.S. imports from China, though it is impossible to predict how long it will last.

The head of Germany’s Hapag-Lloyd said containership bookings have shot up more than 50% this week compared with the four previous weeks and were up by double-digit percentages from before President Trump imposed new tariffs on Chinese imports last month. Those steep duties smothered trans-Atlantic cargo shipments, with volumes from China down between 20% and 30% over the past couple of weeks, CEO Rolf Habben Jansen said in a call with analysts. Depending on how trade talks go, volumes should be higher over the next 60 to 90 days, though he said he didn’t expect them to hold at the levels seen this week. The Hamburg company is switching back to larger vessels after downsizing some sailings during the downturn. U.S. ports should be able to clean out their yards and have sufficient space available for the coming uptick in volumes, making congestion unlikely, Jansen said.

Hapag-Lloyd stuck by its full-year financial guidance, but cautioned that demand could be hit by the trade upheaval and uncertainty about when the Red Sea would be safe from militant attacks.

Home builders and their suppliers are reckoning with what is looking to be a dud of a spring selling season, when builders make about 40% of their annual sales.

The inventory of homes for sale is rising, but demand remains soft with prices–even where they are falling–staying stuck near record highs, squeezing out many would-be buyers, the WSJ’s Nicole Friedman writes. Meanwhile, mortgage rates of around 6.75% are about double the level of only a few years ago, which is depressing demand from first-time buyers down to record lows, the Journal’s Carol Ryan writes. For suppliers, the continued tepid house demand comes as builders and contractors work down the stockpiles of materials built up ahead of new tariffs. And lumber producers say they are bracing for volatile wood prices before sharply higher duties kick in, with a U.S. probe into the national security threat of imported wood raising concerns of additional levies on Canadian lumber.

• See where home prices are rising and falling the most in the U.S. (WSJ)

OPEC trimmed its economic-growth outlook but struck a cautiously optimistic tone on trade, keeping its oil demand forecast steady as it prepares to accelerate production. (WSJ)

Saudi Aramco signed 34 agreements with U.S. companies such as ExxonMobil, Nvidia and Amazon covering everything from liquefied natural gas to AI. (WSJ)

U.S. crude oil inventories posted an unexpected build last week, while product stocks fell amid higher demand. (WSJ)

Canada’s government will deliver on its promise of a middle-income tax cut that takes effect before July 1, Prime Minister Mark Carney said. (WSJ)

Boeing and GE Aerospace received a $96 billion order from Qatar Airways as Trump looks to boost investments in defense and aircraft in the Middle East. (WSJ)

Foxconn Technology Group cut its annual guidance as the world’s largest contract electronics manufacturer warned about tariff and currency headwinds. (WSJ)

Dick’s Sporting Goods agreed to buy Foot Locker. (WSJ)

Harley-Davidson shareholders rejected activist investor H Partners’ proposal to remove three board members. (WSJ)

Italian tire maker Pirelli said earnings and cash generation could come in at the lower end of guidance this year if U.S. auto tariffs remain in force. (WSJ)

The Panama Canal Authority said it didn’t discriminate against U.S. shipping in comments responding to a probe of maritime chokepoints by the U.S. Federal Maritime Commission. (Journal of Commerce)

The Baltic and International Marine Council, or Bimco, named Fednav CEO Paul Pathy as the world’s largest shipping association’s new president. (Splash 247)

Norway’s sovereign wealth fund is investing $800 million in a Blackstone warehouse and logistics fund doing deals in the U.S. and Canada. (Bloomberg)

Roche said Trump’s executive order on drug pricing calls into question the pharmaceutical company’s planned $50 billion of investments in the U.S. (Reuters)

Singapore broke ground on a fifth terminal at its Changi Airport, slated to open by the mid-2030s. (Nikkei Asia)

Russia launched a $6 billion shipbuilding project as part of a plan to increase trade with “friendly countries” via the northern sea route. (Lloyd’s List)

A Mediterranean Shipping boxship, the MSC Antonia, has been stranded since running aground in the Red Sea on Saturday, with GPS jamming suspected as a cause. (Marine Insight)

Ukrainian officials said grain exports from three Odesa region ports have grown to exceed levels from before the war with Russia. (Maritime Executive)

Canada Post paused contract talks with the postal union about a week before a potential strike, saying negotiations had led to meaningful progress. (The Globe and Mail)

A group of lawmakers introduced a bill to Congress seeking to bar the Transportation Department from funding railcars and buses made in China. (Trains Magazine)

U.S. representatives introduced a bill aiming to streamline the Coast Guard’s exam system for credentialing merchant mariners. (gCaptain)

South Korea’s Hanwha Ocean is ending a joint venture with China Merchants Heavy Industry as it refocuses its offshore business in Singapore and cuts Chinese assets. (Seatrade Maritime News)

The Teamsters union is calling on Texas lawmakers to pass a bill requiring human operators in autonomous trucks. (The Trucker)

Mark R. Long is editor of WSJ Logistics Report. Reach him at mark.long@wsj.com. Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long, Liz Young and Paul Berger.