Article from Risk and Insurance
Interesting summary article discussing the shortage of drivers contrasted with the increased regulation by the government.
|NEW TARIFFS ON TRAILERS, CHASSIS, AND RELATED PARTS FROM CHINA|
The following excerpt was taken from a recent MTA newsletter giving a “heads” up on some of the cost changes due to recent tariffs imposed. As noted, it looks like it may only affect 38% of the total and may not be a huge factor but something to be aware of for planning purposes. FYI:
|Last week the Administration unveiled a second round of tariffs, covering an additional $200 billion worth of goods from China. This list includes semi-trailers, chassis and related parts.
In 2017, the US imported $1.3 billion in trailers, chassis and parts from China, or about 38% of total imports for those types of goods. The tariffs start at 10% and become effective September 24, 2018. The tariffs on these goods jump to 25% on January 1, 2019.