The imposition of sweeping tariffs by President Donald Trump in early 2025 has significantly disrupted global commodity freight markets, leading to immediate volatility and long-term shifts in international trade flows. These tariffs have raised the average U.S. import duty to 15.4%, the highest since 1938, contributing to declining investment, disrupted supply chains, and rising inflation. […]
Category: Supply Chain
Shipping Industry Adapts to Shifting Trade Flows Amid Trump’s Tariffs
The global shipping industry is undergoing significant adjustments in response to the sweeping tariffs introduced by President Donald Trump, known as the “Liberation Day” tariffs. These measures have reshaped international commodity trade flows, compelling shipping companies to reevaluate routes, capacities, and strategic partnerships. Redirection of Trade Routes The imposition of a 10% baseline tariff on […]
Glencore’s Job Cuts Signal Industry-Wide Challenges Amid Global Trade Shifts
Mining and commodities giant Glencore has announced significant job cuts, including the planned closure of its Mount Isa copper mines in Queensland, Australia, by the end of 2025. This move is expected to result in approximately 1,000 job losses. Impact on Global Trade Volumes The closure of the Mount Isa mines, which are nearing the […]