Ron Leibman, chair of McCarter’s Transportation, Logistics & Supply Chain Management Practice, speaks with SeafoodSource to discuss rising global shipping rates, especially between the US and China, in the midst of the nations’ trade war. President Trump’s tariff program has surged spot rates between East Asia and the US, significantly driving up prices for importers.
Leibman said that importers who could afford to wait to see if the London talks produce another tariff pause would be wise to do so.
“Additional inventory holding costs might be a small price to pay for some peace of mind,” Leibman said.