Tariff Whiplash and Trade Flow Volatility: What Shippers Should Expect Next
There is much uncertainty with respect to global trade. While geopolitical factors, war, weather, and demographic shifts have an impact, the factor with the largest near-term and possibly long-term impact is the uncertainty caused by unilateral trade conditions imposed by the US since April 2025. Since then, trade policy has shifted rapidly. Most recently – on February 20, 2206 – the U.S. Supreme Court struck down most of the Trump administration’s tariffs. The administration swiftly announced a new set of tariffs under a new law provision and set it at 10% across the board with all countries. A day or so later, the administration raised it from 10% to 15%.
