Donald Trump's latest tariffs have come into force - but what do they mean for global trade? The chief executive of international logistics company Flexport anticipates substantial effects, though these may not become apparent immediately.
Explaining how the measures will operate, Sanne Manders told BBC Radio 4's Today programme: "If goods are loaded onto a vessel now, they'll face a 104% tariff. If they were loaded before the cut-off date, they'll still fall under the previous system."
"So we'll continue to see shipments reaching the US within, say, the next fortnight that will be subject to the original tariffs."
He added that for China specifically, initial 10% tariffs had already been imposed under Trump's administration, later increased to 20%.
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