With former President Donald Trump proposing new 10% tariffs on all imported goods, shippers and ports alike are working to figure out what that might mean for them in mobile bongdaso event of a second Trump presidency.
"mobile bongdaso former president is putting out a lot of proposals that would fundamentally alter mobile bongdaso approach to trade," said Footwear Distributors and Retailers of America President and CEO Matt Priest during a July 17 briefing with mobile bongdaso Port of Los Angeles.
Trump first floated mobile bongdaso idea in May, as a means to offset mobile bongdaso extension of tax cuts he implemented in 2017, during his first term. mobile bongdaso proposal would include a 60% tax on all goods from China, which accounted for roughly 15% of all U.S. imports in 2023, by value. As for how that would affect mobile bongdaso U.S. supply chain, Port of Los Angeles executive director Gene Seroka said that there's still "a long way from here to there, wherever 'there' may be."
"If it does come to fruition, that could change mobile bongdaso landscape and future of mobile bongdaso Port of Los Angeles," he said, adding that trade through mobile bongdaso port from Southeast Asia and Mexico has "picked up traction" in recent months, while mobile bongdaso ports' share of imports from China has gradually dipped. "As these trade winds shift, we'll be out in front," Seroka said.
In mobile bongdaso event of a Trump victory in November, mobile bongdaso changes being proposed would also likely require a lengthy legislative process, Priest said, affording plenty of time to assess mobile bongdaso relative impacts. Others have expressed alarm over mobile bongdaso potential fallout. That includes mobile bongdaso Peterson Institute for International Economics (PIIE) – a nonpartisan think tank based out of Washington, D.C. — which warned in May that Trump's blanket tariffs "would risk a global trade war."
"mobile bongdaso indiscriminate imposition of tariffs would no longer be confined to a trade war with China, if that is where mobile bongdaso United States is headed, but a war against trade itself," PIIIE fellow Alan Wm. Wolff said.
Those higher prices at mobile bongdaso border are often passed on to mobile bongdaso consumer, Priest said, as businesses are forced to charge more for products to cover mobile bongdaso added cost of imports. In mobile bongdaso meantime, he said that mobile bongdaso conversation for shippers right now revolves around finding ways to bring in products before any new tariffs take effect, and on a larger scale, gradually moving manufacturing out of China to countries in Southeast Asia such as Indonesia and Vietnam.
Source: https://www.supplychainbrain.com/articles/40047-new-proposed-trump-tariffs-could-fundamentally-alter-us-supply-chains
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