Odd Lots
What Tariffs Are Doing to North American Freight
Apr 8, 2025
Matt Silver, CEO of Cargado and seasoned freight broker, shares his insights on the evolving landscape of North American trade amidst shifting tariffs. He discusses strategies being employed to navigate uncertainties created by recent trade policies, especially between the U.S. and Mexico. The conversation highlights the growth in trade figures despite these challenges and sheds light on the innovative solutions from customs brokers. Silver also explores how current tariffs could reshape trucking and international supply chains.
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Quick takeaways
- Businesses engaged in U.S.-Mexico trade are adopting a wait-and-see strategy due to uncertainties surrounding new tariffs and compliance guidelines.
- The ongoing interplay between U.S.-Mexico trade and U.S.-China relations is crucial for manufacturers, impacting supply chains and operational stability.
Deep dives
Impact of Tariffs on U.S.-Mexico Trade
Recent tariff announcements are causing significant concern among businesses engaged in U.S.-Mexico trade. Trade volume for the first quarter of the year has shown an increase year-over-year, suggesting ongoing positive momentum. However, apprehensions remain due to the potential impact of tariffs on companies that source or manufacture goods internationally, particularly those from China. As these companies reassess their shipping strategies, many are pausing to evaluate how the tariffs will affect their operations, creating uncertainty in the marketplace.
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