Recent data from the Labor Department has shown that the price of foreign exports to the U.S. — before tariffs — has held steady over the last few months. That means U.S. importers are absorbing most of the tariff burden.
The pandemic slowed down business. Now with tariffs, Kathryn Lundeen, owner of Lundeen’s Gifts in Culver City, California, feels even more uncertain about the future of her business.
The volume of containers entering U.S. ports has stagnated over continued fears regarding Trumps foreign trade policy. “Marketplace” spoke to one drayage company about how it is trying to read the tea leaves ahead of the busy summer months.