Tariffs call for cautious approach, rail execs say

Union Pacific and other Class 1 rairoads are awaiting further tariff developments. (Photo: Jim Allen/FreightWaves). Class I railroad chief executives told an investor conference that their crystal ball is as cloudy as anyone's regarding the potential impact of the tariffs that President Donald Trump has threatened to impose on Mexico and Canada. The 25% tariffs initially were due to begin this month, but Trump subsequently delayed them until March after an initial round of talks with government leaders in Mexico City and Ottawa. The president also has imposed 10% tariffs on goods imported from China, and has warned that the…