The ongoing tariff war between the United States and its trading partners is leading to higher prices for American consumers, as increased tariffs on imports raise costs for businesses, which are often passed down to consumers. This situation is causing shifts in demand and uncertainty in the freight forwarding industry.
In contrast, Australia is actively pursuing Free Trade Agreements (FTAs) with various regions to mitigate such challenges. Negotiations are underway for agreements with the European Union and India, aiming to reduce trade barriers and open new markets for Australian businesses.
Additionally, the Australia-United Kingdom Free Trade Agreement was signed in December 2021 and came into effect on 31 May 2023, further strengthening trade ties between the two nations.
These strategic moves are designed to provide Australian businesses with more opportunities and reduce reliance on any single market, thereby enhancing the resilience of the freight forwarding and logistics sectors.
At Recruit19, we are committed to supporting freight forwarders, supply chain, and shipping companies by providing skilled professionals who can navigate these evolving trade landscapes effectively.