President Trump announced plans to impose a 25% tariff on imports from Canada and Mexico, a 10% tariff on imports from China and a 10% tariff on energy sources from Canada, effective February 4, citing national security concerns related to illegal immigration and drug trafficking.

Weakening demand, rising costs and evolving trade policies are disrupting raw materials and freight sectors.

Price hikes in the first quarter of 2025 raise questions: Is this the start of a market reset or of more instability?