US-China Trade War Risks Empty Shelves and Supply Chain Disruptions Amid 145% Tariff

Cause And Effect

Possible Impacts of Tariffs on Workforce and Supply Chains

Decline in scheduled freight vessels

33%

Cancellation of voyages between Asia and the east coast of America

40%

Key Facts

Tariffs create uncertainty and are challenging for corporate leaders, prompting discussions on potential repercussions.

Background Context

Like back during Covid where we had shortages of toilet paper, we are going to start seeing that in more and more goods.

Sean Stein

president of the U.S.-China Business Council

there could be empty shelves within weeks.

CEOs of Walmart and Target

Tariff on Chinese imports

145%

Key Facts

Businesses are canceling orders for products from China due to a 145% tariff, risking shortages for American consumers.
Retailers warn that U.S. consumers could face empty shelves if tariffs remain, reminiscent of Covid-era shortages.
Freight companies are experiencing plunging bookings and rising blank sailings due to the trade war between the U.S. and China.
Major retail CEOs visited the White House, warning of empty shelves in two weeks without changes to tariffs.