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Industry insiders: Trump's tariff plan will cause transportation costs to soar, just like in 2018.
Industry insiders in the shipping and retail industry have warned that Trump's plan to increase import tariffs after returning to the White House will cause a surge in freight prices and exacerbate inflation, just as he did when he was president before. Xeneta's data shows that after the Trump administration announced new tariffs in 2018, prices in the marine container transportation market soared by over 70%.
$1000 Invested In This Stock 20 Years Ago Would Be Worth $38,000 Today
Williams-Sonoma Analyst Ratings