The combination of US tariff barriers and Hormuz-driven shipping reroutes has added weeks to delivery times and billions in freight costs, with global goods trade in Q1 2026 recording its sharpest quarterly contraction since the pandemic.
The combination of US tariff barriers and Hormuz-driven shipping reroutes has added weeks to delivery times and billions in freight costs, with global goods trade in Q1 2026 recording its sharpest quarterly contraction since the pandemic.