The trade war between U.S and China had a positive effect in the imports and the exports of May and June, related with these countries.
Fear and anxiety overwhelmed the traders. More of them tried to move the biggest amount of cargo they could in the previous months, in order to avoid the upcoming tariffs. That caused an important increase of ports’ cargo and container volume.
In several cases, many records were marked. The ports of Antwerp, Long Beach, Oakland, Baltimore and Riga are some of the ports, in which cargo or/and container volume reached at the highest level of all time.
The -expected- paradox of trade war is that the announcement of the tariffs’ imposition provoked temporary beneficial results to the global market. However, the recent increase of global imports and exports is a result of the traders’ uncertainty for the future.
And the last one is the most disconcerting situation in the trade market. In some circumstances, uncertainty may cause more troubles and problems in the trade market than a potential downturn. Unfortunately, the future does not seem so bright, despite the increase of the global trades and the records’ announcements.
Antonis Karamalegkos
