On November 10, 2024, Maersk Halifax, located on the routes in central and South America, is located at the berth of Qianwan container terminals in Qingdao Port, Shandong Province, China.
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The president’s results Trump’s tariffs on Mexico and Canadaprepare for higher prices very quickly.
This is the information of transport giant Maersk Trade wars between North American countries continue to escalate. While the White House says inflation is not a problem, Malk’s perception of the U.S. economy matches those of retailers and trade groups, which have new tariffs on Mexico and Canada, and retaliatory tariffs from these countries, are inflationary threats to the U.S. economy.
“The short-term impact of any tariff is obviously inflation,” said North American president Charles van der Steene, the world’s second largest sea freighter. “It’s essentially inflationary,” he said in an interview at a TPM conference in Long Beach, California.
From retailers including targets – CEO says prices could rise in days -For major commercial halls such as the U.S. Chamber of Commerce, people say tariffs “only raise prices”, anticipating inflation in the supply chain and attracting consumers.
At midnight, Trump imposed 25% tariffs on Mexican and Canadian goods, plus 10% of Canadian energy products, and another 10% of Chinese goods.
Overnight, Canada launched retaliatory tariffs, with Canadian Prime Minister Justin Trudeau saying that over 21 days, a 25% tariff on more than $100 billion of U.S. goods will be charged. Mexican President Claudia Sheinbaum said he would announce retaliatory tariffs on March 9. China announces new tariffs On U.S. merchandise, the item will begin on March 10.
As global trade tariffs add up, Musk expects inflationary impacts to continue in the long term to medium term. But Van der Steene said: “The expectation effect will eventually be reduced.”
In the long run, he said there is greater uncertainty over tariffs and potential supply chain repatriation.
although Recent survey dataand reviews from retailers such as Target state Weak consumersVan der Steene said that the strength of American consumers remains a silver lining in the midst of the trade war.
“We continue to see extremely resilience and strength in the U.S. consumers and the U.S. overall market,” Van der Steene said. “Consumer consumption continues to remain strong, not only in the last quarter, but in the past six quarters. This is the big car behind the overall U.S. economy.”
For example, more international retailers have always been Come to the US market Due to its consumer strength relative to other markets.
Commerce Secretary Howard Lutnick said in an interview with CNBC on Tuesday that tariffs are not inflation rates and will have a clear reset of trade policies with reciprocal tariffs starting April 2.
Treasury Secretary Scott Bessent said tariffs are unlikely to raise inflation, partly because China will “Eat any ongoing tariffs.”
“These countries have used us and abused us.” Lutnik said on CNBC. “It’s going to change. It’s incredible that we’re being stripped of the world and Donald Trump will set it up to blend it with each other and make it fair.”
On average Tariffs around the world are twice as high As the United States applies in import volumes, however, broad comparisons ignore important details in trade relations: many countries impose significantly higher tariffs on tariffs on products such as products, clothing, clothing, alcohol and tobacco on protecting local industries or regulating consumption, while targeted tariffs highlight the role of strategic trade policies in global markets in global markets.
India has the highest average tariffs on U.S. goods and has been a beneficiary of the manufacturer, whose production capacity has expanded productivity outside China, and this industrial migration has attracted investment from companies including Maersk, which recently announced plans to invest $5 billion in India, focusing on terminal infrastructure and inland logistics.
Trump threatens tariffs on India, as well as part of a broader retaliatory tariff plan the Trump administration is considering.
Van der Steene said that while India’s tariffs on India may have a short-term impact, from a production capacity perspective, India’s ultimate importance in global supply chains and balances certain capabilities from China to China, we will not expect this to have a long-term impact on global supply chains and trade. We believe in how global trade is fundamentally established.
Trade wars and tariffs have been a source of concern for maritime and transport sectors, and its risks may withdraw the possibility of consumer consumption and may translate into fewer freight orders, especially before the new government’s pre-tax for many of the shipping customers.
