Amid soaring inflation and record-high shipping rates, President Biden aims to lower costs by increasing competition within the shipping industry. With pandemic disruptions creating bottlenecks, container transport costs from China to the U.S. West Coast have surged, further increasing consumer prices. Biden advocates for more oversight of foreign-owned ocean carriers, which have been charging unexpected fees and prioritizing profitable routes, leaving small businesses struggling. CEO of Global Gateway Logistics Caitlin Murphy notes how these practices have severely impacted small businesses by skipping over less profitable ports, making it increasingly difficult to move goods globally and driving prices up.
The Impact of Trump’s Return on Tariffs and Global Trade
February 4, 2025
Donald Trump’s second nonconsecutive term marks the beginning of a new chapter in global trade. His previous presidency, which brought protectionist policies and high-stakes trade
