Zencargo Market Update: 18th November
Nov 18, 2024
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Nov 18, 2024
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With Donald Trump returning to the White House, there may be additional tariffs of 10–20% on all imports and a steep 60% on Chinese products. These measures align with his previous trade policies, which reduced the share of Chinese imports in the U.S. from 40% in 2016 to 27% by 2021, alongside a 70% increase in spot rates during the 2018 trade tensions.
Southeast Asia, India, and Mexico are well-positioned to benefit from redirected trade flows. Mexico, in particular, could emerge as the key gateway for U.S. imports. However, concerns remain over potential legislative hurdles targeting cargo routing through Mexico.
Domestically, these changes may spark a higher demand for rail, trucking, and warehousing, offering a boost to a market. Meanwhile, U.S. retailers are ramping up imports, with 350,000 additional TEUs expected in November and December compared to October—an early response to potential trade disruptions.
Road/Rail
European Bank Holidays
We anticipate a shortage of availability and the occurrence of delays around the bank holiday periods. Plan ahead and allow extra time for your products to be delivered.
November 4: Russia
November 18: Croatia, Latvia
November 20: Germany*
November 30: Romania
December 1: Portugal, Romania
December 3: Spain*
December 6: Finland, Spain
December 8: Austria, Italy, Malta, Portugal, Spain
December 9: Spain*
December 13: Malta
December 23: Estonia*, Latvia
December 24: Austria*, Bulgaria, Czech Republic, Denmark*, Estonia, Finland*, Germany*, Hungary, Latvia, Lithuania, Luxembourg*, Portugal*, Slovakia, Sweden*
December 25: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland (Eire), Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
December 26: Austria, Belgium*, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France*, Germany, Greece, Hungary, Ireland (Eire), Italy, Latvia, Lithuania, Luxembourg, Malta*, Netherlands, Poland, Romania, Slovakia, Slovenia, Spain*, Sweden
December 27: Hungary, Ireland (Eire), Romania
December 30: Latvia
December 31: Denmark*, Estonia*, Germany*, Latvia, Sweden*
*Not in all regions
The information that is available in the Zencargo Market Update comes from a variety of online sources, partners and our own teams. Click below to learn more about how Zencargo can help make your supply chain your competitive advantage.
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