NewsA Trump presidency would put pressure on ocean rates and Asian exports

October 16, 2024by 0

If Donald Trump becomes US president again next month, there will be more pressure on container freight rates, as he is expected to reinstate protectionist measures that will reduce imports.
Among the speakers at a shipping forum organised by South Korea’s National Assembly this month, Korea Maritime Institute head Kim Min-soo explained: “This would spell decline, particularly in transpacific rates and intra-Asia rates.
“A Trump administration will mean1§ the US could import fewer …

The post A Trump presidency would put pressure on ocean rates and Asian exports appeared first on The Loadstar.

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