Global Trade Enters an Era of Radical Changes Due to U.S. Tariffs
Global trade is undergoing significant changes in response to shifts in American policy regarding increased import tariffs and the abandonment of preferential treatment for inexpensive goods. This analysis was presented by Raj Subramaniam, CEO of FedEx, referencing information published by Bloomberg. Subramaniam predicts that these changes will affect the entire global freight system, which will gradually shift towards more regional models. He noted that "global supply chains are becoming