Reciprocal tariffs announced by Donald Trump on ‘Liberation Day’ could prevent shippers from making important decisions on supply chains, but are not likely to cause an immediate spike in freight rates.
Peter Sand, Chief Analyst at Xeneta – the ocean and air freight intelligence platform – said: “Liberation Day will not feel very liberating for those shippers caught in the eye of the tariff storm. It is tough to make important decisions on your supply chain when the rules of the game keep changing.
