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.
Don’t expect the Trump tariffs to trigger a boom in domestic manufacturing in the U.S. — or an end to the growth of “nearshored” production capacity in Mexico.
Ending de minimis requirements altogether could mean more paperwork, longer processing times, and higher costs for everyone from shippers to consumers.
Some argue that Trump is simply using threats of injurious trade penalties in order to win smaller, different concessions. Others see a far more dramatic agenda at play.
Leaders announced the reintroduction of the Railway Safety Act, which was first proposed in Congress the month after the derailment in 2023, but died in committee months later.
Shippers are holding their collective breath to see how a rash of uncertainties surrounding the U.S. and global economies will impact freight rates in 2025.