Trump trade policies will fuel ocean freight rates and consumers will pay the price, supply chain experts warn

Contributing sentiments towards policy:

62% : "If Trump wins the election, we are likely to see an immediate increase in import volumes as importers will want to fast-track some cargo in anticipation of new tariffs," said Lars Jensen, CEO of Vespucci Maritime.
43% : "We saw the cost of shipping goods by ocean spike dramatically when Trump introduced tariffs back in 2018 and his latest proposals will simply be a case of history repeating.
37% : Trump defended his trade policy during the debate, dismissing concerns that blanket tariffs of up to 20% on all imports and additional tariffs of 60% to 100% on goods from China will lead to higher consumer prices.
37% : "Trump countered claims of higher consumer prices resulting from his tariffs during the debate by saying "We are gonna take in billions of dollars, hundreds of billions of dollars.
29% : "Xeneta data shows the last time Trump ramped up tariffs on Chinese imports during the trade war in 2018, the ocean container shipping markets spiked more than 70%.

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