Adding FTZ or bonded warehousing capabilities can have a huge impact for 3PL providers, particularly in areas with high volumes of international trade.

U.S.-based companies are also likely to suffer because of reciprocal tariffs imposed by America’s trading partners in retaliation, threatening profit from exports. 

Retailers are likely to oppose the action, arguing that the added costs would eventually have to be passed on to consumers.

Prices will rise, maybe wages will too. The question is whether Trump’s new tariff regime will pay off. 

The project was first proposed in 2019, but had been stuck, awaiting final authorization from the USDOT's Maritime Administration.

The alert from shipping companies comes as the IMO hosts an event in London this week to debate measures to reduce the sector’s carbon footprint. 

Shippers with complex needs and tight budgets are outsourcing more of their freight to managed transportation providers.

The bloc could move quickly by re-applying duties it first imposed on the U.S. during Trump’s first term. 

BIMCO said routes around the Cape of Good Hope or Cape Horn have been perceived as more reliable and flexible.

China’s options range from promises to buy more American oil and gas and keeping the yuan stable to delivering on the Phase One deal.