The freight forwarding sector saw a collapse in growth in 2Q, including a 2.7% year over year drop in U.S. inbound volumes – K+N saw the most rapid reversal. The Trump administration won’t pursue uranium tariffs, but is looking at options for supplying nuclear fuel. Also: the Treasury’s tax take takes a toll on American and Chinese businesses; tariffs on chemicals, capital goods drive price deflation in the U.S.; French rebound didn’t prevent a global trade recession in May; 5G Future Act brings one present problem for Trump; WTO rules against the U.S., could prove counterproductive; and...
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.