With Donald J. Trump’s return to the presidency, significant changes are anticipated in the supply chain and freight logistics sectors, particularly concerning tariffs. Trump has pledged to raise tariffs on imports to between 10% and 20%, and over 60% specifically for Chinese goods, continuing the trade war initiated in 2018. Additionally, the corporate tax rate will remain at 21%, avoiding an increase set to take effect after 2025. This aligns with pro-growth tax policies advocated by industry leaders, highlighting a focus on strengthening U.S. companies and protecting domestic interests.

Source: https://www.scmr.com/article/tariffs-taxes-trade-trump-impact-supply-chain