The ILA and USMX have until January 15, 2025 to avert a second East and Gulf Coast strike, just days before the start of the next presidential administration.

The demonstrations have also interrupted commercial activity in Maputo, and raised concerns about further delays to a $20 billion natural gas export project.

The Panama Canal Authority recently moved to a long-term booking system for shipping slots, which has made it easier to forecast transit demand months in advance.

The West has stepped up efforts to crack down on tankers transporting Russian oil.

Southern African ports have drawn investment interest due to the export of natural resources including critical minerals.

The former president has promised additional 60%  tariffs — or higher — on goods coming from China.

Over the course of his campaign, Trump vowed to implement tariffs on Chinese imports between 60% and 100%, in addition to 10-20% tariffs on all other imports.

A 60% tariff on Chinese goods and a 10% tariff on goods from all other countries would result in a trade war that would lower U.K. growth.

The Greater Vancouver Board of Trade estimates that more than $600,000 million worth of trade has been disrupted in just the first 18 hours of the West Coast work stoppage.

The levies range between 8% and 35% depending on the manufacturer — on top of an existing 10% tariff — and are set to remain in place for the next five years.