Reported 1 day ago
Experts caution that President-elect Donald Trump's proposed tariffs on major trade partners like China, Mexico, and Canada could significantly exacerbate the challenges facing the already struggling US trucking industry, which has been in a recession for nearly three years. Trade analysts believe these tariffs would increase costs, reduce demand, and disrupt the flow of goods, warning that the trucking sector—vital to the US economy—may face further downturns, especially amid ongoing flat industrial production and overcapacity issues.
Source: YAHOO