With the recent change of government in the United States, some protectionist policies have resurfaced, which could change the landscape of international trade relations. With the reactivation of tariffs and trade barriers, the US seeks to protect its domestic industry, but these decisions have global repercussions that could affect both supply chains and key trade routes around the world.
Impact on the global supply chain
One of the most immediate potential consequences of protectionism would be higher operating costs for businesses that rely on imports. New tariffs could make foreign products more expensive, decreasing the competitiveness of firms and possibly increasing the prices of goods for consumers.
For international companies operating global supply chains, it would imply the need to reconfigure their sourcing and distribution strategies. This could include sourcing new suppliers or relocating factories, which would add complexity to logistics management. In addition, these changes could extend lead times and increase uncertainty in production forecasts.
In the case of Smart Logistics, a forwarding company that operates internationally, its extensive experience in the logistics sector and its ability to adapt to changes in trade policies will enable it to minimise the impact of the new tariffs. Moreover, as part of Alonso Group, a leading international holding company, it has solid operational and strategic backing.
The Panama Canal: a new conflict on the horizon?
One of the main arteries of international maritime trade, the Panama Canal, could also play a role in new US policies. The new presidency has expressed its intention to ‘take it back’, which could alter the flow of trade and generate international tensions.
High tariffs and potential disputes over control of the canal could affect the volume of trade, increasing costs and disrupting global supply chains. A situation that would force logistics players to adapt their routes and strategies. China and the EU, in particular, would be pushed to explore alternative routes and reconfigure their supply chains to remain competitive.