Much speculation on impact of US election on freight and trade
Well there has been no shortage of speculative comment about the possible impact on international freight and logistics following Donald Trump's win in the US presidential election.
Much of that speculation centres on the increased tariffs on imported goods that the President-elect stated would be on the cards should he get re-elected.
If that occurs, the likely losers may well be those involved in moving cargo into and out of the USA via air and ocean freight, although it must be pointed out that if Trump's re-election delivers the strong US economic growth that his campaign promised, this may act as a demand driver for freight movement.
In anticipation of those tariffs, we can expect to see importers hedge their bets and import goods which are not time sensitive early in order to avoid as much tariff as possible. We've noticed that some US importers have already been doing that over the past couple of months in anticipation of a potential Trump victory; coupled with the uncertainties about a possible port strike on the US east and gulf coasts.
An excellent summary of the situation can be read at the link below.
https://www.supplychaindive.com/news/donald-trump-president-election-reactions-2024-supply-chain/732156/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202024-11-07%20Supply%20Chain%20Dive:%20Procurement%20%5Bissue:67650%5D&utm_term=Supply%20Chain%20Dive:%20Procurement
For more information about Davies Turner’s transatlantic ocean freight forwarding and logistics services, please contact ocean@daviesturner.co.uk
For more information about our transatlantic air freight forwarding and logistics services, please contact aircargo@daviesturner.co.uk
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Much speculation on impact of US election on freight and trade
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