Trump China trade deal: Tariff pause means new surge in freight shipments, and higher prices
...from the attached article...
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“The 30% tariff for 90 days will start goods flowing again for small businesses,” said Bruce Kaminstein, a member of NY Angels and founder and former CEO of cleaning products company Casabella. But the reprieve for small businesses will not eliminate their larger worries. “They are being held hostage to an erratic policy. Businesses are in difficult situations, so they will make this work somehow as they always do,” he said.
″Tariffs at the 20% level didn’t stop shippers from frontloading in March and April,” said Judah Levine, head of research at Freightos. “U.S. ocean import volumes were up 11% year over year in that stretch, so the current ‘reduced’ 30% level should see a restart of shippers pulling forward demand to beat a possible August tariff hike.”
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The mess Trump created is not over.
Link: https://www.cnbc.com/2025/05/12/trump-china-trade-deal-tariff-pause-new-surge-in-freight-shipments.html
Replies to: Trump China trade deal: Tariff pause means new surge in freight shipments, and higher prices
Residual damage created by Trump's idiotic tariffs, part 1.
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