Prior to Trump's imposed tariffs on China taking effect and the proposal of Mexico tariffs, April exports and imports are down.
Transport Topics notes that "Goods shipments to China fell to $8.5 billion in April from $10.2 billion the prior month and are down 20% year-to-date, while imports from the nation have declined 13.2% in 2019. Meanwhile, merchandise exports to Mexico are little changed so far this year while imports are up 6.1%" (Exports, Imports Plummet as US Trade Deficit Narrows, 6 June 2019).
Trump's changing policies are affecting businesses' supply chains and are making it harder for businesses to account for future growth or decay.
We are atts
Proven freight brokers helping shippers and purchasing professionals navigate the complicated world of shipping.