Are supply chains shaking? Trump 2.0 finally comes to power
January 20, 2025 marks the start of Donald Trump’s second term as President of the United States (US), an event that raises uncertainty and expectations in international trade, supply chains and global shipping. Trump, known for his protectionist policies and focus on national security, has promised to implement a series of executive orders from his first day in office, which could significantly alter global trade dynamics.
Immediate impact: New tariffs and trade tensions
Lars Jensen, CEO of Vespucci Maritime, noted that Trump’s executive orders could include the rapid imposition of new tariffs, especially targeting China and other key trading partners. Trump has suggested tariffs of up to 60% on Chinese goods and between 10% and 20% on global imports. These measures, although aligned with their internal political objectives, pose significant risks to global supply chains, affecting sourcing patterns, trade routes and…
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