Trump Tariffs Spark Fears of Freight Recession

In February 2025, the Trump administration announced a 10% tariff on Chinese imports, followed by a 25% tariff on all steel and aluminum imports. This move triggered fears across the freight and transportation industry, with analysts warning of a potential 10% contraction in demand. Major carriers like JB Hunt saw stock prices plummet as the market reacted to anticipated cost increases and reduced consumer spending.

Impact: Increased costs for shippers, uncertainty for carriers, pressure on consumer goods imports.

Source: Business Insider (https://www.businessinsider.com/trump-tariffs-trade-war-consumer-spending-fears-freight-recession-trucking-2025-4)