The transportation sector is bracing for the possibility that a slew of new tariffs could soon hit some of its most critically important industries, according to experts.
“If the Trump administration moves forward with proposed tariffs against Mexico, Canada and China, it would impact over 50% of U.S. imports by volume according to Project44 data,” said Jenna Slagle, senior data analyst at Project44. “Canada was the top area the United States shipped exports to in 2024, accounting for about 43% of all exports. It is the largest consumer of United States exports, both by volume and value.”