New US tariffs disrupt trade

Stephen Dyke, principal solutions consultant manager at FourKites

Source: FourKites

New US tariffs on imports from China, Mexico and Canada are forcing companies to adapt quickly in order to manage increased costs and logistical challenges, says market analyst, FourKites

The sectors most affected include electronics, machinery, plastics and furniture, where China has traditionally been a dominant supplier.

The elimination of the US$800 de minimis threshold will reshape cross-border trade, forcing importers to navigate full customs clearance for over 1.3 billion shipments annually that previously entered duty-free.

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