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Maersk Halifax, along the route Central and South America, stitched on the Qianwan container from Tindao Portoo in Tindao, Shandun province, China, November 10, 2024.
Nurphoto | Nurphoto | Gets the image
As a result of the president Trump tariffs in Mexico and CanadaPrepare for higher prices to suffer quickly.
This post from Maersk, the second largest shipping company in the world, about Escalation of a trade war between North America’s countries. While the White House says inflation does not cause care, the Meersko’s view of the US economy is in line with retail trade and trading groups that new tariffs for Mexico and Canada – and tariffs for retaliation from these countries – are an inflation threat to the US economy.
“The short-term effect of any tariff is obviously inflation,” Charles Van der Stun, President of Maersk North American said during an interview at TPM conference. “This is inherently inflation.”
From retailers, including Target – The CEO of which said prices can rise in a few days – For large business lobby, such as the US Chamber of Commerce, which states that tariffs “only increase prices”, only higher prices – is expectation on the market.
At midnight, 25% of Trump tariffs for Mexico and Canada goods plus 10% on Canadian energy products and an additional 10% on Chinese goods.
During the night, Canada launched its retaliation tariffs, and Canada Prime Minister Justin Trudu said that within 21 days there would be 25% of the tariffs for more than $ 100 billion. Mexico President Claudia Sheinbaum said on March 9 will be announced for retribution. China has announced its new tariffs About American goods that will start on March 10.
As the global trade tariffs are composed, Mayers expects the inflationary impact to persist in the middle and long term. But Van der Stun said that “the expectation is that the effect will eventually soften.”
In the long run, he said that there was great uncertainty in tariffs and repatriation of potential supply chains.
While Recent survey dataand comments from retail sellers such as Target have shown a weakened consumerVan der Stunus said the US consumer’s power remains a silver lining against the background of the trade war.
“We still see that the US consumer and the American market are generally stable and strong,” said Van der Stun. “Consumer consumption continues to be strong not only in the last quarter, but also for the last six quarters. And it was a large engine behind the US economy as a whole.”
As an example, there were more international retailers Coming to the American market Due to its strength consumers relative to other markets.
In an interview with CNBC on Tuesday, the Secretary of Trade Howard Lutnit said that the tariffs were not inflationary, and from April 2, mutual mutual tariffs will be clearly restarted.
Last weekend Minister Finance Scott Haved said “Eat any tariffs that are ongoing.”
“These countries used us and abused,” said Lutnut on CNBC. “It will change. Incredibly as we are thwarted around the world, and Donald Trump is going to release it, make it mutual and make it fair.”
On average, The world imposes tariffs more than twice as high as Because those who apply US imports but broad comparisons leave important details in trade relations: Many countries impose much higher tariffs on foods such as food, clothing, alcohol and tobacco to protect the local industries and regulate consumption, while tariff tariffs emphasize the strategic trade policies in the world markets.
India, which has the highest average tariffs for US goods, was the beneficiary of manufacturers that expand its potential outside China, and this industrial migration has attracted companies investments, including Maersk, which recently announced plans to invest $ 5 billion, focusing on terminal infrastructure.
Trump threatened the tariff for India, as well as part of a broader plan for retaliation considered by the Trump administration.
Van der Stun Stun said that tariffs on India may have a short -term effect, the final value of India in the global supply chain in terms of production capacity and equalization of some opportunities away from China, “we do not expect it to have a long -term effect on how a global chain is built. All he added.
The trade war and tariffs were the source of concern by the maritime and transport sector, with the risk of consuming consumers to potentially transfer to less freight orders, especially after the overloaded by numerous shipping plans for the new administration.
