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Tariffs Breed Supply Chain Chaos
- The US tariffs on Chinese goods cause major supply chain disruptions and business paralysis.
- Companies scramble to shift sourcing to Vietnam and Mexico or wait for political resolution to avoid catastrophic losses.
Shipping Delays and Trucking Downturn
- Shipping volume declines lead carriers to cancel sailings causing shipment delays and increased port congestion.
- Trucking prices and demand drop sharply, threatening jobs in the US transportation sector.
Tariffs' Shock Opposite COVID Surge
- The tariffs' shock feels like COVID's initial panic but with opposite results in trade volume.
- Unlike COVID's surge, current trade will likely decline about 20%, disrupting global commerce differently.