Trump Effect

Trump Effect

From the promise of deregulation to the threat of trade wars with China, Mexico, and others, the election of Donald J. Trump to the presidency has injected unprecedented levels of uncertainty into the shipping and transportation industries. This page is home to the latest JOC.com news, analysis, and insight into how the Trump era will reshape shipping.

News & Analysis

27 Mar 2020
The Trump administration may be celebrating its “phase one” trade deal with China as a success, but the collateral damage on Europe will be costly.
Gary Cohn, TPM20 Keynote Speaker
11 Dec 2019
Gary Cohn, former director of the National Economic Council under President Donald Trump and former president of Goldman Sachs, was named as the opening keynote speaker of the 20th TPM, the world’s largest container trade conference, organized by IHS Markit.
Q3 Chinese port growth slowest in six quarters
28 Oct 2019
Cargo volumes at the busiest container gateways in China continued to grow in the first nine months of 2019, but at a slower rate than last year due in large part to a cooling European economy the country’s ongoing trade war with the United States.
Trans-Pacific spot rates stabilize ahead of projected import bump
25 Oct 2019
Spot rates on the eastbound Pacific stabilized as carriers prepare for a possible spike in imports from China next month ahead of the next round of tariffs scheduled to take effect Dec. 15 in US-China trade war.
Trans-Pacific westbound spot rate plunge set to deepen
22 Aug 2019
Spot rates in the westbound Pacific took a sizable drop this month due to declining US exports to Asia, which are resulting in especially low vessel utilization rates. The normal strong rebound, which should begin in November, could be muted as a result.
14 Aug 2019
The containerized shipping industry was able to convince the US Trade Representative to take cranes and containers off a list of tariffs going into effect on Sept. 1 and Dec. 15.
10 Jul 2019
Shippers on the trans-Pacific are getting a taste of the capacity management in store as carriers try to balance capacity with slowing demand.
US vehicle tariffs threaten fast-growing trans-Atlantic trade
08 Jul 2019
The US has hit the pause button in its trade war with China and has shifted its attention back to Europe where tariff threats are hurting business confidence, especially in the German vehicle and spare parts market.
JOC Mexico Trade Conference 2019
26 Jun 2019
JOC Senior Editor Bill Cassidy on US-Mexico border congestion, a topic to be explored further July 30-31 in Mexico City at the JOC Mexico Trade Conference.
14 Jun 2019
US agriculture exporters should brace themselves for a prolonged trade war that will continue to erode their share of the all-important China market because China won’t budge on certain demands, and Trump’s self-image is inflated by being tough on China.
12 Jun 2019
Weakness in intra-Asian container trade resulting from a decline in export orders will be reflected in slowing volume growth on the major trades.
05 Jun 2019
Shippers, ocean carriers, and freight forwarders say cargo owners are already rushing shipments to get ahead of potential tariffs on $300 billion of US imports from China.
04 Jun 2019
Former Canadian Prime Minister Brian Mulroney is calling for the expansion of the NAFTA free-trade zone throughout the Americas, as well as improvements in labor productivity at home.
04 Jun 2019
US shippers facing a new 5 percent tariff on Mexican goods are expected to rush goods north before a June 10 deadline. That could create more costly congestion.
03 Jun 2019
The outlook for air cargo is turning negative as carriers face headwinds in the form of trade upheaval and falling demand.
03 Jun 2019
With uncertainty surrounding US-Mexico relations, including threats of border shutdowns, tariffs and a Congressional showdown the US-Mexico-Canada agreement (USMCA-NAFTA 2), shippers are expressing more interest in all-water options to bypass any congestion on the border.
28 May 2019
Economists and shipping industry leaders warn the US-China trade war could be a potential tipping point for a global economy that was already cooling before President Donald Trump raised tariffs on $200 billion in Chinese goods.
17 May 2019
The escalating trade dispute between the US and China is driving keen interest in air freight on the busy trans-Pacific trade routes.
14 May 2019
One of the most prominent global trade management software providers sold for $425 million Monday, a culmination of a series of deals for GTM makers and also the coup de grace in a trio of deals for buyer E2open.
13 May 2019
Facing yet another hike in tariffs on imports from China, BCOs are reviewing their options, but the reality is if they haven't changed their sourcing strategy by now, it's probably too late.
10 May 2019
Trade attorneys say manufacturers should take the lead in lobbying for changes in trade policy, as well as consider potential M&A opportunities resulting from tariff uncertainty.
10 May 2019
US imports of goods that left China prior to Friday’s increase of tariffs from 10 percent to 25 percent may be able to enter the country at the lower duty rate under certain circumstances.
10 May 2019
Draft restrictions resulting from low water levels in the Panama Canal are driving up spot ocean freight rates between Asia and the US East Coast in the short term, but the long-term outlook is unclear due to further threatened tariffs on US imports from China.
06 May 2019
US President Donald Trump's decision to hike tariffs on a wide selection of Chinese-made goods took the US trade community by surprise.
01 May 2019
US importers paying tariffs might have some remedies at their disposal to limit their financial obligation, but many don’t know their options and are leaving valuable savings on the table.
Port of Los Angeles.
30 Jan 2019
Container and chassis dwell times in Los Angeles-Long Beach edged lower in December.
A truck travels on a US road.
24 Jan 2019
Many variables have affected capacity, but heightened economic activity has been the main factor squeezing US capacity since 2017.
Union Pacific rail yard, Nebraska, United States.
18 Jan 2019
The summer/autumn beat-the-tariff front-loading of imports to West Coast ports is now spreading inland.
Air cargo being load in Beijing, China.
15 Jan 2019
After a subdued end to 2018 and trade and with economic hurdles stacking up, there are relatively low expectations for the trans-Pacific air cargo market in 2019.
Port of Los Angeles.
09 Jan 2019
Competitors demonstrate that West Coast ports need to efficiently transfer containers to trucks and trains, as well ship-to-port, to retain shipper business.
A truck travels in the United States.
09 Jan 2019
With the US Securities and Exchange Commission closed, Roadrunner is looking for a run-around to push its rights offering and recovery plan forward.
Port of Los Angeles.
08 Jan 2019
"With the holiday season behind us, the immediate pressure to stock up on merchandise has passed, but retailers remain concerned about tariffs and their impact on the nation’s economy,” said Jonathan Gold, the NRF’s vice president for supply chain and customs policy.
Containers stacked at a depot / storage center.
08 Jan 2019
A space shortage from high tariff-threat-induced volume has prompted shippers and 3PLs to seek alternative, nearby container space.
Container ships on the Elbe.
07 Jan 2019
Increasing use of the available capacity in both directions and the impact of service shifts in 2018 could mean shippers find it more difficult to find carrier space for containers this year.
Port of Long Beach.
04 Jan 2019
Spot rates in the eastbound Pacific increased for the second straight week.

Commentary

From a risk standpoint, a faster liquidation timeline can be very important to both the importer and the surety.

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