US tariffs to disrupt global trade

Philip Damas, head of supply chain advisors, Drewry

New US tariffs and potential counter-tariffs from trading partners are set to dramatically alter international trade dynamics and freight markets, according to market analyst Drewry

Drewry predicts that favoured trading partners of the US, such as the Philippines, Malaysia and South Korea, will see increased transport volumes, while countries facing higher tariffs, including China and Vietnam, will likely experience declines.

Shippers, forwarders and carriers are being urged to reassess their strategies.

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