Amid the US-China trade war, inquiries for bonded storage north of the border have increased four-fold this month, according to one Canada-based third-party logistics provider.
Demand for light vehicles and components began 2025 on a sour note amid rising production costs, tariff uncertainty and projections for slower US economic growth.
HHG imports rose almost 20% in 2024, fueled in part by home remodeling, but US tariffs on China and Vietnam could reverse that gain.