The Freight Industry in a High Tariff World.

Over the past week, global trade has fundamentally changed. With the US President Donald Trump, initiating the largest tariff increase in more than 90 years. The effect on the global economy will be profound, with many economist predicting a Global recession. How will this effect the freight industry in the coming months, are there things that companies can do, with a minimum of 10% on all imports entering the United States, the added costs to already fragile global supply chains still recovering five years after the COVID Pandemic.

The initial hit in the wider Logistics industry will be felt in the transportation sector. With shipping lines likely to increase their shipping cost to cover the costs of entering the United States. Any freight that our customers are planning to send to the United States will have to take into account added costs in their budgets. Shipping lines such as Maersk, NYK, COSCO, are likely to reroute to avoid the United States altogether. This combined with other nations retaliating with their own tariffs on the United States will lead to an inevitable slow down in global trade.

As on of the United Kingdoms leading Freight Forwarding companies we will wok closely with our clients to ensure the impact of these new trading arrangements have minimal impact on your bottom line. After 9th April when the full Tariff schedule comes into effect a more complicated environment may be encountered, importers may have stockpiled ahead of any tariffs reducing the need to move stock. This combines with higher freight rates will likely slow the freight industry.

That's why its vital for any business to work with a Freight forwarding business that knows what its doing to ensure that the cost that you incur while trading into the United States are kept at a minimum. By working with Brunswick International you ensure that cost that are incurred during the period of instability has limited impact on your business. Ensuring that your Products & Freight are able to get to their destination on time. Brunswick Internationals extensive network of Freight agents added with industry contacts across multiple sectors of the economy ensure that our customers can comfortably navigate this new reality the International economy now finds itself in.