The EC market is in "Trump trade mode" this morning, with near-term contracts
rallying while longer-dated contracts have dropped. This movement is based on
the expectation that Trump's tariffs on Chinese goods will lead to an increase
in shipments before the tariffs are implemented, followed by a decrease in
shipment volume afterward. However, the author believes that the impact of the
tariffs is weaker than the organic growth in U.S. consumption, which is a key
demand factor for container shipp