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Trump tariff threats fuel frontloading of trade shipments into U.S., led by China
One major threat to the U.S. supply chain has been lifted, with a tentative deal to keep port workers from striking across the East and Gulf Coasts reached last week, but shippers have been frontloading products for the U.S. market in the weeks leading up to President-elect Trump’s inauguration due to the potential for aggressive trade tariffs. The majority (78%) of respondents to the latest CNBC Supply Chain Survey say shipping clients requested to pull forward freight in anticipation of both the increased tariff threat and the potential strike. Freight was being directed to ports on both East and West Coast. The ... (full story)