Trump's reciprocal tariff plan amplifies risk of ocean shipping chaos, executives say [View all]
Source: Reuters
LOS ANGELES/BERLIN/ATHENS, April 2 (Reuters) - U.S. President Donald Trump's new tariff plan has the ocean shipping industry on edge as he stokes a trade war destined to stanch transport demand and send companies scrambling to manage the fallout.
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"The implementation of stacked tariffs has led to mounting confusion," said Blake Harden, the Retail Industry Leaders Association's vice president of international trade. "Companies have not had adequate time, certainty, and guidance they need to incorporate these changes and comply."
Trump has invoked emergency powers to swiftly add, and occasionally retract and reinstate, tariffs during his second term in office.
"Importers don't know from one week to the next what their duty cost is going to be," said Kit Johnson, director of import compliance at John S. James Co., a U.S. customs broker and freight forwarder whose customers include automakers and producers of chemicals, machinery, medical devices and textiles.
Read more: https://www.reuters.com/business/trumps-reciprocal-tariff-plan-amplifies-risk-ocean-shipping-chaos-executives-say-2025-04-02/
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