According to Flexport's CEO Ryan Petersen, the uncertainty around tariffs imposed by President Trump is paralyzing businesses, making it difficult for them to plan effectively. With many companies unsure about future tariffs—especially after duties were announced on close trading partners like Canada and Mexico—decision-making has stalled. Businesses are now reevaluating their supply chains as some, like Pfizer, consider shifting manufacturing back to the US. Petersen urges that clarity on tariffs is essential for companies to adapt to a new economic normal.
Frankly, the number one reaction I see right now is a bit of paralysis of people not wanting to make a decision until there's more clarity.
You should expect tariffs can come for any country, so that's making planning really really difficult.
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