The F-150 in particular, and the transportation industry as a whole, vivify why tariffs are problematic. After all, transportation is a capital-intensive business, with long timelines to bring products and services to market. This not only darkens the investment case for transportation-related enterprises, but it also opens the door to more non-tariff barriers, such as licensing requirements and enhanced inspections of both cargo and passengers. The result will be a more difficult operating environment for all manner of transportation firms and economy that will slow down along with the speed of the trains, trucks, buses, airplanes, and pipelines that keep it in motion.
Read Full Article »