I am looking at broker invoices just received from our NJ office. Containers that typically land at $3K-4K are now landing at $14K per container.
Trade agreements should be reviewed and renegotiated regularly, of course. The people feeling the hurt from all this chaos are the businesses scrambling and the consumers. I have a feeling the chaos will settle somewhere in between. But the method is so difficult for the average to small business. But who cares about them right!
I will be out of here very soon. I also have been in auto parts for decades...and it's been a good industry to be part of, very recession proof. We had Brazilian suppliers in last week that will pick up some of the manufacturing, less tariff and landing costs. So it goes.