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New US tariffs to lead to reduction in, shift of trade volumes: Drewry
The latest ‘high but uneven’ level of US reciprocal tariffs will result in both reduction in and shift of international trade volumes, with winners and losers, according to Drewry Shipping Consultant. The introduction of new sourcing locations as part of these mitigation strategies, however, can significantly impact the global ocean freight networks of organisations, a Drewry expert noted.
The latest ‘high but uneven’ level of US reciprocal tariffs will result in both reduction in and shift of international trade volumes, with winners and losers, according to Drewry Shipping Consultant.
The introduction of new sourcing locations as part of these mitigation strategies, however, can significantly impact the global ocean freight networks of organisations, a Drewry expert noted.
