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Protectionism is widely regarded as being the nemesis of globalisation, and economists in the main agree that there are more advantages to be gained from free trade; not least creating more jobs than losses.
However protectionism is growing. In a report by Reuters of the latest trade spat between India and the US, the latter has taken India to the World Trade Organization to force it to ease its ‘domestic content rules’ on the lucrative solar panel market.
Ironically in a previous solar panel skirmish in 2012 the US imposed an overnight punitive 250% anti-dumping tariff hike on the importation of Chinese manufactured solar panels.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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