Quote:
Originally Posted by scotty2hotty
Well …I just took 15 minutes to write my longest post ever but it looks like it deleted before posting. lol
So, super abridged version, help me understand this one question …who stands to profit from tariffs against Canada in the near term (next 1-2 years)? Help me “follow the money”.
|
I don't think this is a motivation per-se, but if they continue shipowners will likely benefit.
Eg. Oil tanker rates went up dramatically after Russia invaded Ukraine, because Russian oil that used to make a short trip to Europe makes a long trip to India and uses way more tanker days to do so. That pushes up tanker demand and thus prices.
If potash/grain that used to go to the US by rail now goes overseas in a bulk carrier, that significantly increases bulk carrier demand.
And if we start buying orange juice from Brazil instead of Florida that's a lot farther. Lindt has already said Canada will be supplied with chocolate from Europe instead of the USA now to avoid tariffs. Small individual things that add up to a lot more demand for transportation.
That probably only shifts if this thing lasts, but once supply chains do shift some of those changes will be permamemt.