Tariff-ic Trouble, Greer-ing Up, & Rebate Revolt
Good morning! ☀️ & Happy Thanksgiving!
Strap in and start your engines—it’s time for your daily turbo-charged tour through the twists and turns of the supply chain and logistics world! Today, we’re dodging potholes and speeding through some major headlines:
👉 Looks like we might be in for another round of tariff tangles! Buckle up as the trade world gets a little bumpier.
👉 Big news folks—Donald Trump has chosen Jamieson Greer as the new U.S. Trade Representative. Let's see how he steers the ship this time!
👉 Over on the sunny side, Governor Gavin Newsom is making waves with a proposed $7,500 state EV tax rebate. Is it time to go green on the road?
Keep your eyes on the road and your hands on the logistics wheel—we’ve got a lot to cover today! 🏁
“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.”
Navigating Trade Turmoil: What's Next?
Looks like we might be in for another round of tariff tangles! Remember Trump's trade war with China aimed at boosting US manufacturing? Well, President Biden kept those tariffs and even added some. Now, with Trump eyeing a second term, he’s looking at slapping a hefty 25% tariff on all goods from Mexico and Canada starting on his potential inauguration day.
This could mean big price hikes for everyday items from gas and cars to avocados and booze. For those of us in transportation and logistics, this is more than just news—it’s a heads-up. Trump's proposed tariffs could seriously bump up the cost of moving goods across North American borders. Think higher fuel prices and pricier parts for vehicles. Tighter margins or higher rates could be on the horizon for many of us.
🔥 Hot Take: If these tariffs hit, we might face some serious logistical headaches and higher operational costs. But, it could also push businesses to source more locally, maybe even sparking a boost in American manufacturing. Interesting times ahead, could there be a silver lining?
New Trade Chief, New Tactics!
Big news in the trade world—Donald Trump has tapped Jamieson Greer to be the new U.S. Trade Representative. Greer, who previously rocked the trade scene during Trump's first term, is back to steer a bold tariff agenda that's set to stir up global trade.
So, what's on the agenda? Cutting down the massive trade deficit, boosting American industries like manufacturing and agriculture, and opening up new export markets. Greer's got a solid track record, having worked side-by-side with Robert Lighthizer on tough tariffs and major trade deals, like the reshaped agreement with Canada and Mexico.
Now stepping back into the arena from private law practice, Greer's pushing for even tougher tariffs and tighter export controls, aiming to shield U.S. industries from China's economic push. And, with an eye on reducing reliance on Chinese imports, he’s all about diversifying supply chains.
💡 Why This Matters to Us: Those in transportation and logistics, listen up! Greer’s moves will likely impact how and where we move our goods. Expect potential changes in shipping routes and costs, especially with a likely uptick in tariffs on Chinese goods. This might be the nudge needed to look closer to home or to less controversial trading partners for sourcing.
🔥 Hot Take: Prep for a logistics shake-up… Greer's strategy might just redefine our supply chains, offering a unique chance to innovate and optimize in ways that could save time, money, and headaches. Let's watch this space closely—how do you think these changes will impact your operations?
California's EV Rebate Response to Potential Federal Cuts
Governor Gavin Newsom is stepping up with a major play: a proposed $7,500 state EV tax rebate in California. This move is a safeguard against the possibility of federal EV tax credits getting cut under the upcoming Trump administration. Interesting twist: Tesla might be left out of these rebates, despite its significant presence in California, a decision that's got Elon Musk pretty stirred up.
What's the big picture? California is rebooting its Clean Vehicle Rebate Program, which has been a huge boost for EV adoption in the state, saving tons of fuel over the years. Newsom's push reaffirms California's dedication to clean transportation and green jobs, keeping the state at the forefront of zero-emission vehicle adoption despite the shaky federal landscape.
💡 Industry Insight: For those of us in transport and logistics, California’s commitment is a clear signal—electric vehicles are here to stay, and they're becoming a bigger part of the future every day. This could mean big changes in how we manage our fleets, invest in new vehicles, and even plan our routes as EV infrastructure grows.
🔥 Hot Take: If you're operating in California or planning to, these rebates could be a lifeline against rising costs if federal credits vanish. It’s a sign that eco-friendly solutions are gaining ground, and now might be the time to think about electrifying your fleet to stay ahead. Embracing these changes not only helps with compliance but could also boost your public image as a green leader.
The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for November 28, 2024, from iLevel Logistics Inc.