Donald Trump’s presidency uncertainty for the maritime industry

Donald Trump’s presidency could have major influences for the global shipping industry, especially in terms of foreign trade and security policy, the environment and world trade. Donald Trump said he will pull the US out of a string of international deals, alliances, processes and organisations. USA more protectionism results in less trade, lower economic growth and more expensive, poorer-quality products. USA is one of the largest single markets outside Europe for shipowners and a more isolationist USA will inevitably have consequences for shipping companies. Donal Trump’s statements about renegotiating existing trade deals and pulling the plug on processes such as the Transatlantic Trade and Investment Partnership (TTIP) and ratifying the Trans-Pacific Partnership (TPP) inevitably have consequences for shipping companies.