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PBS39 News Reports | holiday travel | Season 2018

Flexport Ryan Petersen CEO on Trump's tariffs and the uncertain future of global trade

Ryan Petersen, CEO and founder of Flexport, speaks to Fortune about the pressures tariffs place on American businesses.
In an interview with Fortune, Flexport CEO Ryan Petersen discussed the potential impacts of former President Donald Trump's proposed tariffs on global trade, should he win the 2024 election. Petersen expressed concerns that a 10% tariff on all imports and a 60% tariff on Chinese goods could lead to increased costs for American consumers and businesses, potentially fueling inflation. He highlighted the uncertainty these policies create for businesses planning their supply chains and investments, noting that such tariffs could disrupt the global trade system. Petersen also touched on Flexport's strategies to navigate these challenges, emphasizing the importance of flexibility and diversification in supply chains to mitigate risks associated with trade policy changes.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/01/flexport-ryan-petersen-ceo-on-trumps-tariffs-and-the-uncertain-future-of-global-trade/ ]