News / Tariffs will spark retaliation that will hit US competitiveness, warn forwarders

© Thawatchai Chawong

US forwarders have urged the incoming administration to reconsider its tariff plans, fearing retaliatory measures from other countries that would make domestic products less competitive “in an ecommerce world”. 

This week, the Washington Post reported that president-elect Donald Trump’s plans for higher tariffs were set to be watered down to cover just ’critical’ imports rather than all goods entering the country, citing sources close to the matter.  

However, Mr Trump promptly called the story “fake news, labelling the sources as “non-existent” 

He ...