Tariffs Will Lead to Abandoned Freight at Ports as Cash-Strapped Businesses Reject Orders
Tariffs, which are taking the trade levies up to the highest rates in a century, could result in freight being abandoned at ports as cash-strapped owners and CEOs reject incoming goods that could financially wipe them out. CNBC interviewed Maine Pointe CEO Joseph Esteves, who shared his insights into how companies, many of whom don’t have the ability to ‘wait and see what happens’, are reacting.