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Trump tariffs: Companies race to ship goods to the US

The article from Reuters discusses how companies are rushing to ship goods to the U.S. before potential new tariffs could be imposed. This urgency stems from the anticipation of policy changes that might occur if former President Donald Trump, who has previously implemented significant tariffs, wins the upcoming election. Businesses are particularly concerned about the possibility of a 10% across-the-board tariff on imports and even higher tariffs on Chinese goods. This has led to a noticeable increase in shipping activities, with companies trying to front-load their imports to avoid higher costs. The article highlights the strategic adjustments in supply chain management, with some companies considering relocating manufacturing or sourcing from different countries to mitigate risks associated with potential U.S. trade policies. Additionally, there's mention of the economic implications, including potential inflation and disruptions in global trade patterns.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/companies-race-ship-goods-us-ahead-potential-tariffs-2025-01-30/ ]