C.H. Robinson CEO Dave Bozeman addressed the potential impact of President-elect Donald Trump’s proposed tariffs during the company’s recent investor day, according to CNBC’s coverage of the event. Trump has suggested imposing a 25% tariff on goods from Mexico and Canada and a 60% tariff on Chinese imports, a move that could have significant implications for the logistics industry. Despite these challenges, Bozeman remains confident in the company’s ability to adapt.
“Some shippers will say, ‘We will take on that tariff.’ The economics of that volume will probably change in pricing and things like that. Either way we’re still going to move that freight,” Bozeman said. “The freight still has to move. It might just move at a different starting point, and we would still be there to move that.”
The investor day presentation highlighted C.H. Robinson’s exposure to key trade routes, such as U.S.-Mexico and China-U.S., where tariffs could disrupt shipping costs and logistics strategies. Analysts note that while these changes may pose challenges, Bozeman’s remarks underscore the company’s resilience and ability to adapt.
The proposed tariffs aim to address issues like illegal immigration and drug trafficking but have raised concerns about potential economic repercussions, including increased consumer prices and strained trade relations. Despite these uncertainties, Bozeman affirmed the company’s readiness to adjust to evolving trade landscapes while continuing to deliver for clients.