Trump vow on new trade war sends shockwaves through supply chain

Retailers and manufacturing companies are contacting logistics partners to “front load” shipments ahead of potential changes in tariff policy by President-elect Donald Trump. Trump has promised tariffs on imports, particularly from China. This has led to increased container demand and vessel bookings, affecting freight rates and stock prices. Ocean shipping stocks initially dropped, but experts believe frontloading imports could raise rates in the short-term. There is uncertainty regarding Trump’s tariff policy, with trade experts cautioning against overreacting. Companies are strategizing to mitigate the impact of potential tariffs, with concerns about inflation and job losses. The future of the USMCA trade agreement and potential impact on Mexico-U.S. trade is also a subject of interest.