‘Liberation Day’ tariffs will ‘change the rules of game’ for global trade, but significant uplift in ocean or air freight rates not expected in short term

Reciprocal tariffs announced by Donald Trump on ‘Liberation Day’ could prevent shippers from making important decisions on supply chains, but are not likely to cause an immediate spike in freight rates. Peter Sand, Chief Analyst at Xeneta – the ocean and air freight intelligence platform – said: “Liberation Day will not feel very liberating for …