Trump's return to the White House, the historic freight volume is not reduced, but increased?
With Trump back in the White House, will the container shipping market suffer again? Despite the general consensus that container shipping will be at great risk from Trump's return, the data show that tariffs have not significantly reduced freight volumes.
Linerlytica analysis shows that the US container trade deficit has continued to widen since the Trump administration implemented its first round of tariffs in 2018. That policy remained largely unchanged during the Biden administration.
Mr Trump has outlined plans to impose across-the-board tariffs of 10 to 20 per cent on most of the $3tn in annual imports if he returns to office, with tariffs of as little as 60 per cent on all imports from China in particular.
Christian Roeloffs, CEO of Container xChange, pointed out that such tariff policies will cause global trade turmoil, may lead to the reconfiguration of cargo flows, and even give rise to strategies to avoid tariffs, which will drive the demand for container shipping.
Sea-Intelligence noted in a recent report that this is not necessarily bad news for shipping companies, but rather means that shipping networks need to adapt to different trade flows.
Linerlytica analysis shows that the US container trade deficit has continued to widen since the Trump administration implemented its first round of tariffs in 2018. That policy remained largely unchanged during the Biden administration.
Mr Trump has outlined plans to impose across-the-board tariffs of 10 to 20 per cent on most of the $3tn in annual imports if he returns to office, with tariffs of as little as 60 per cent on all imports from China in particular.
Christian Roeloffs, CEO of Container xChange, pointed out that such tariff policies will cause global trade turmoil, may lead to the reconfiguration of cargo flows, and even give rise to strategies to avoid tariffs, which will drive the demand for container shipping.
Sea-Intelligence noted in a recent report that this is not necessarily bad news for shipping companies, but rather means that shipping networks need to adapt to different trade flows.
