For the myriad companies across the globe in the same boat, there’s a bigger race at stake: the massive operation to get goods out of China and into the US before the pause on higher tariffs imposed by US President Donald Trump expires on August 12. When the US announced sweeping tariffs on most of the world on April 2, it unleashed chaos on complex global supply chains which enable the free-flow of goods around the world – especially the shipping industry, which transports 90% of all manufactured goods. In recent years, the sector has weathered constant crises including the Covid-19 pandemic, the blockage of the Suez Canal and the threat of Houthi missiles in the Red Sea.
Author: Rebecca Wright, Kristie Lu Stout
Published at: 2025-06-16 22:47:05
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