Trump vs. Biden: How the winner could affect ocean shipping
October 15, 2020
(Freightwaves) The outcome of the U.S. election will steer stimulus spending, energy policy, trade relations, geopolitics and environmental regulation — and consequently, ocean freight rates — for years to come.
With just three weeks to go, financial analysts are weighing in on potential fallout.
On one end of the spectrum lies a relative status quo. On the other, a “blue sweep,” in which Joe Biden defeats Donald Trump for the presidency and Democrats retain the House and take a slim lead in the Senate.
“All told, the fate of shipping could come down to who wins the presidency, along with all the other macro factors that drive demand,” said Jon Chappell, shipping analyst at Evercore ISI.
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