Drewry: US Election Will Damage Shipping


Whether the reds or blues win the US elections, international trade relations are destined to sour, dragging container prospects down with them, a new report by Drewry has revealed.

The US election results are revealed on the night of November 8, 2016, and with one of the most dramatic and contentious presidential races in history many are concerned of the consequences of either result.

Both Hillary Clinton and Donald Trump have expressed their desire to prioritise US domestic trade over international trade, which will undoubtedly impact container trade.

Trade agreements that exist are planned to be scrapped by the republican candidate, and he has announced that he would like to impose tariffs on imports, which is turn would cause the US to have export tariffs imposed on them.

Hillary Clinton is also against the transpacific partnership which many feel is vital to opening up trade, especially in the current volatile shipping market.

Donald Trump has also named the NAFTA agreement “a disaster”, stating it alongside the transpacific partnership as “a bad, bad deal for the American people”; Jill Stein, an independent runner who had republican policies also opposes the transpacific partnership and trade agreements which undermine American jobs.

The much forgotten independent contender is Gary Johnson, a liberal candidate who although opposes the “capitalist” nature of the transpacific partnership deal, would sign it, and says he is very much in support for free trade.

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