“The biggest reaction to Trump’s tariff is” paralysis, “says Flexport CEO:” The biggest reaction to Trump’s tariff is “paralysis.”

• Flexport CEO says that the induction uncertainty paralyzes decision -making in companies.
• Anxiety grew after Trump announced the definitions of Mexico and Canada.
• Canada, China and the European Union have placed a retaliatory tariff on American products.

CEO of Logistics and Freight Flexport said that customers feel stumbled due to uncertainty about the definitions.

“Frankly, the first reaction that I see now is a paralysis that they do not want to make a decision until there is more clarity,” said Ryan Petersen in an episode of the Logan Bartlet exhibition on Friday. Flexport was founded in 2013 and raised $ 935 million in 2022, with a rate of $ 8 billion.

On the podcast, Petersen said that customers do not know what to expect about the definitions. He said that there is no country that feels a safe bet on supply chains, especially after President Donald Trump put duties in Canada and Mexico, who are one of the closest trade partners in the United States.

“You should expect the definitions to come to any country, which makes planning really difficult,” he said. “My advice will end quickly so that people can know what a new normal is.”

Companies all over industries sort how to convert their supply chains away from the worst countries through the Trump tariff. Earlier this month, the CEO of Faizar Albert Burla He said that the company may move abroad to manufacture medicines to the United States. In retail officials in companies, including Ralph Lauren, Steve Madden Lilty in recent months, they are planning to reduce their dependence on manufacturing on China.

Since Trump took office in January, he announced a series of overwhelming customs tariffs across three commercial partners in the United States – China, Canada and Mexico – and the rest of the world.

Trump imposed a 25 % tariff on all goods imported from Canada and Mexico and hung many measures two days after it entered into force.

Last week, in response to a 50 % cost on American whiskey, Trump threatened 200 % on all alcoholic products from the European Union countries.

Trump’s charges were met with equally harsh revenge: Canada was similarly put with a 25 % tariff on all American commodities, China put a tariff from 10 % to 15 % on agricultural commodities, and the European Union responded by billions of dollars in the tariff. Revenge at the boycott level also came: Ontario, the most populated Canada Province, has placed additional 25 % fees on electricity sent to Michigan, Minnesota and New York.