April 9, 2025 — Retail, shipping, and logistics industry stakeholders are already seeing the impacts of U.S. President Donald Trump’s sweeping tariff program and warn of more to come.
Trump first announced a set of sweeping tariffs on 2 April that were going to hit every country with tariffs ranging from 10 percent to 50 percent. A later announcement on 9 April paused those tariffs for most countries, while raising tariffs against China to 125 percent.