What impact will Trump's announcement of victory have on the shipping and exporting?
Trump announced his victory in the current US presidential election.
It is understood that Trump adopted a relatively tough tariff policy on Sino US trade during his previous term, which had a huge impact on the global shipping industry and foreign trade imports and exports. If he is re elected, similar measures may be taken to continue or increase tariffs on Chinese products.
Just last month, Donald Trump claimed in a media interview that if elected, he would raise car import tariffs by up to 500%
Trump's tough tariff policy will reduce the cargo volume on the trans Pacific route, potentially leading to a decrease in trade between China and the United States, thereby reducing the demand for Chinese exports to the United States.
However, such a policy may also prompt China's manufacturing industry to continue to deepen its "diversified" market strategy, increase its dependence on Southeast Asia, Europe and other markets, and promote cooperation with countries related to the "the Belt and Road" to cope with fluctuations in the U.S. market. In addition, if Trump's policy continues the "decoupling" strategy, the global supply chain may further shift to regions such as Southeast Asia and India.
This may lead to a more complex supply chain, requiring more shipping services to meet demand, which could have a short-term impact on the shipping industry.
However, such a policy may also prompt China's manufacturing industry to continue to deepen its "diversified" market strategy, increase its dependence on Southeast Asia, Europe and other markets, and promote cooperation with countries related to the "the Belt and Road" to cope with fluctuations in the U.S. market. In addition, if Trump's policy continues the "decoupling" strategy, the global supply chain may further shift to regions such as Southeast Asia and India.
This may lead to a more complex supply chain, requiring more shipping services to meet demand, which could have a short-term impact on the shipping industry.