The planning for potential Trump win, new China trade war and tariffs, has begun in the global supply chain
Publishing timestamp: 2024-03-11 16:48:02
Summary
Logistics companies are already shifting global trade in anticipation of potential Trump second term and increased Chinese import tariffs. Companies are planning to mitigate additional tariffs by using Mexico as a gateway for imports to avoid tariffs. The shift in supply chain strategy is expected to accelerate if more tariffs are levied, leading to a greater trade shift from China to Mexico. Critics warn of economic impacts and inflationary effects of tariffs.
Sentiment: MIXED
Keywords: international trade, economy, donald trump, vietnam, breaking news: economy, u.s. economy, breaking news: politics, china, trade, canadian pacific railway ltd, foreign policy, mexico, united states, politics, union pacific corp, canadian pacific kansas city ltd, business news,