Trump’s 15% tariff move strains allies, injects volatility into freight market
Panama has taken over operations of container terminals at the Panama Canal, ending more than three decades of management by Hong Kong-based CK Hutchison Holdings.
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Trump’s abrupt hike from 10% to 15% is adding volatility to freight markets while unraveling preferential trade arrangements previously negotiated with U.S. allies.
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A FedEx customer filed a class-action suit against the carrier for breach of contract, seeking refunds of IEEPA duties after the Supreme Court struck down the tariffs.
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RXO CEO Drew Wilkerson says regulatory enforcement targeting non-domiciled CDL holders could trigger the largest structural shift in truckload supply since 1980.
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FedEx has sued the Trump administration for a full refund of tariffs paid under the now-overturned IEEPA emergency powers, as the president vows additional levies.
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In Partnership with Trimble
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In Partnership with Avalara
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Courtesy of S&P Global Market Intelligence
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