Trump’s Trade Policy Uncertainty Could Send Ocean Freight Rates Higher, Xeneta Warns
President Trump‘s potential revival of sweeping import tariffs is creating widespread uncertainty in US shipping markets, with industry experts warning of possible supply chain disruption and skyrocketing freight rates.
“Trump is billing his trade policy as America First, but the people it is hurting the most right now is US shippers,” warns Peter Sand, Chief Analyst at Xeneta, the ocean and air freight intelligence platform.
The proposed tariffs could include a 25% levy on imports from Mexico and Canada potentially from February 1st, with previou…
Comments are closed, but trackbacks and pingbacks are open.