Trump tariffs endanger struggling US trucking industry, experts say

Automotive and Transportation Automotive and Transportation

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Trump tariffs endanger struggling US trucking industry, experts say

^{Published on 2024-12-13 06:41:28 - Reuters}

President-elect Donald Trump's threatened tariffs on top trade partners China, Mexico and Canada would deal a blow to the $1.7 trillion U.S. transportation industry and worsen a nearly three-year trucking recession,

The article from Reuters discusses how former President Donald Trump's proposed tariffs, if implemented, could exacerbate the ongoing slump in the U.S. trucking industry. Experts suggest that these tariffs would increase the cost of goods, thereby reducing consumer demand and subsequently lowering the need for freight transportation. The trucking sector, already facing challenges from overcapacity, high operational costs, and a shift towards more efficient logistics, would see further strain as higher tariffs could lead to reduced trade volumes. This situation is compounded by the industry's struggle with driver shortages, regulatory changes, and economic pressures, potentially leading to more bankruptcies and downsizing within the sector.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/trump-tariffs-could-intensify-us-trucking-industry-slump-experts-say-2024-12-13/ ]

N@N

Trump tariffs endanger struggling US trucking industry, experts say