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Soaring Tariffs and the Impact on Sea and Air Transport: The Effects of Trump’s Election
Donald Trump's victory in the US presidential election yesterday may begin to affect the shipping market even before he is officially sworn in in January. During the election campaign, Trump proposed new blanket tariffs of 10% to 20% on most of the $3 trillion in...
Industrial Metals on the Rise: Copper and Aluminum Benefit from Dollar Weakness and Chinese Stimulus Plans
In recent days, the market for industrial metals such as copper, aluminum and nickel has seen significant rises, driven by two crucial factors: the weaker U.S. dollar ahead of the U.S. presidential election and the prospect of further stimulus measures by Chinese...
International Monetary Fund forecast: Stable growth but uncertain outlook for global economy
The International Monetary Fund (IMF) has released its latest forecast on global economic growth, outlining a picture characterized by apparent stability but with future prospects laden with uncertainty. According to the World Economic Outlook, global economic growth...
End of the ILA Port Strike: Impacts on Imports, Exports and Logistics Rates
The recent International Longshoremen's Association (ILA) dockworkers' strike ended last Thursday after the union accepted the United States Maritime Alliance's (USMX) offer of a 62 per cent wage increase over the next six years. This decision also marked the...