The US import market is “almost paralyzed” because of the uncertainty arising from President Donald Trump’s announcement to raise tariffs on imported agricultural products starting April 2. “It could cause a huge financial disruption. Imagine an importer closing a 10-container deal at US$1 million, only to suddenly face an extra US$250,000 in unplanned tariffs. It’s a big blow, and this is a low-margin business,” a market operator told WBR.
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