Reported 1 day ago
President Trump's new reciprocal tariff plan poses significant risks to the ocean shipping industry, with executives expressing concern over rising confusion and costs. As the U.S. government implements tariffs on imports from key trading partners, shipping firms report a surge in container imports as businesses rush to avoid tariffs. However, this strategy is unsustainable, and experts warn that ongoing trade wars could disrupt supply chains and lead to chaos in port operations, ultimately affecting the broader economy.
Source: YAHOO