THE prospect of a dominant Trump presidency is significantly more like than it was only a week ago. But what does that mean for shipping?
Will the anticipated “Trump trade” really result in more inflation, higher interest rates and sweeping tariffs? Will the inevitable bonfire of Biden’s environmental rules put the brakes on shipping’s already hesitant energy transition? And what about the all important trading relationships with the EU and China? Are we entering an accelerated period of protectionism?
Political risk is difficult for markets to price and if this week has taught us anything it is that there are few certainties when it comes to US politics generally right now and Donald trump specifically.
But with Trump 2.0 now looking increasingly like the base-case scenario for business to plan for we taking a deep dive on the podcast this week into what a second term of Trump would look like for the maritime markets.
Our senior US reporter Greg Miller takes the podcast reigns this week and talks to Jason Miller, a freight economist and professor of supply chain management at Michigan State University.
