THE prospect of a dominant Trump presidency is significantly more likely than it was only a week ago. But what does that mean for shipping?

Will the anticipated “Trump trade” really result in more inflation, higher interest rates and sweeping tariffs? Will the inevitable bonfire of Joe Biden’s environmental rules put the brakes on shipping’s already hesitant energy transition?

And what about the trading relationships with the EU and China?

Are we entering an accelerated period of protectionism?

Political risk is difficult for markets to price. If this week has taught us anything, it is that there are few certainties when it comes to US politics generally right now, and Donald Trump specifically.  

With Trump 2.0 now looking increasingly like the base-case scenario for businesses to plan for, we taking a deep dive on the podcast this week into what a second term of Trump would look like for the maritime markets.

Our senior US reporter Greg Miller takes the podcast reins this week and talks to Jason Miller, a freight economist and professor of supply chain management at Michigan State University.