The Tariff Tension Keeps Building
Since we issued our last blog related to Tariff increases in the beginning of February, the Tariff war has continued to rage. There have been countless articles and new stories released on this topic almost on a daily basis. The uncertainty being driven by the latest Tariff actions are having ripple effects across the economy.
Headlines from the Front Lines
Here are some of the fun headlines that came out this week:
“Trump doubles planned tariffs on Canadian steel and aluminum to 50% as trade war intensifies”
“Markets open down again, Trump announces more tariffs against Canada”
“Trump doubles planned tariffs on Canadian metal”
“How Trump’s reversals on tariffs could impact the economy”
“Automakers warn that Trump tariffs will hike vehicle prices as much as 25%”
“Markets tumble after Trump’s response to recession”
Our Message Hasn’t Changed — Prepare for 2025 Turbulence
The blog that we have recently released had one major message, companies need to plan for turbulence and uncertainty in 2025 and perhaps beyond. Thankfully, many of our clients have heeded our warning and have begun to explore their options to help protect themselves from the cost increases that will likely come their way.
What Leading Companies Are Doing Now
At this point, we have clients looking at a variety of cost reduction scenarios including; Parcel, LTL, Truckload Contract Optimization, Parcel and Freight Invoice Auditing, Carrier Diversification strategies, Ocean Freight Invoice Auditing, 3PL Invoice Auditing, Alternate Sourcing alternatives, exploring Free Trade Zones and more.
Why Waiting Isn’t a Strategy
The amazing thing is, although there are multiple angles to consider to offset the impact of increased Tariff’s, there are still companies out there waiting on the sidelines to see what happens. This perplexes us, because regardless of where the Tariff situation lands, there will always be shipping cost increases and other business headwinds. Failure to act now will only lead to profit margin erosion somewhere down the line.
One Size Doesn’t Fit All — But Action Always Matters
Every company’s scenario is different. So, there really is no one size fits all approach to Logistics Cost Reduction and Service Optimization. However, one thing is certain- You won’t find what you’re not looking for! What are you waiting for???
Need help finding savings while navigating 2025 tariffs? Get a Free Logistics Assessment from ICC and uncover your hidden options.
Find the Money You Never Knew Was Missing
to receive our FREE white papers: