How Trump's trade war is playing out inside U.S. supply chain as retailers stocked up for the holidays [MSNBC.com]
Mastercard Incorporated (MA)
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Source: MSNBC.com
State of FreightHow Trump's trade war is playing out inside U.S. supply chain as retailers stocked up for the holidaysPublished Thu, Dec 18 2025Updated 35 Min AgoLori Ann LaRocco@loriannlaroccoWATCH LIVEKey Pointswatch nowVIDEO2:1002:10What U.S. supply chain data shows about the holiday season retail winners and losers: CNBC surveyThe latest CNBC Supply Chain survey provides new data on how the global trade war has influenced this year's holiday shopping season, and one more signal thatconsumer spending is holding upconcerns about affordabilityDow Jones AverageOverall, close to half (44%) of respondents said more holiday items are leaving warehouses and distribution centers compared to last year. One-third of respondents said fewer items were leaving the warehouses. The majority of respondents who said they were moving more freight said the level of increase was 5-10% in volumes.The volume of products leaving warehouses to stores or customers also revealed what product categories are
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