Global shipping flows are bracing for disruption from tariffs that the U.S. said it will pass on goods from Mexico, Canada, and China. Imports from Canada and Mexico will face a 25% tariff, and goods from China will see a 10% tariff.

Canada and Mexico announced they would be taking retaliatory measures, while China said it would challenge the tariffs at the World Trade Organization as well as implement countermeasures. Meanwhile, the de minimis exemption, which allows duty-free imports under $800, would end for Canada and Mexico and may extend to China.

Mexico and Canada accounted for nearly $900 billion in U.S. imports in 2023, making up 28% of total imports through November 2024. Container shipping is expected to see lower volumes, higher costs, and reduced demand as the tariffs take hold.

Source: splash247.com