Former President Donald Trump’s return to the White House is poised to significantly alter supply chain and freight logistics industries. He has pledged to increase tariffs on imports, aiming for 10%-20% on all goods and 60% on Chinese imports, reviving policies from his first term that sparked a trade war with China. His re-election also ensures the corporate tax rate remains at 21%, fostering a competitive business environment. Industry leaders, including the American Trucking Associations, express optimism about partnering with his administration to enhance the supply chain and tax reforms, while experts warn of potential disruptions from aggressive tariff strategies.

Source: https://www.logisticsmgmt.com/article/re_election_of_trump_signals_changes_for_global_trade_supply_chains_and_u.s_trucking_industry/