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Wed, Feb

Tariffs Risk Working Against the Imposer’s Interests

World Maritime

“When a country that exports large quantities imposes tariffs, it risks working against its own interests,” says Stamatis Tsantanis, Chairman & CEO of Greek shipping companies Seanergy Maritime and Maritime United.“Other nations

“When a country that exports large quantities imposes tariffs, it risks working against its own interests,” says Stamatis Tsantanis, Chairman & CEO of Greek shipping companies Seanergy Maritime and Maritime United.

“Other nations adjust by sourcing commodities elsewhere. For example, the first time President Trump imposed tariffs on various goods, China responded by rerouting its imports of maize, corn, and grains to countries like Brazil and other parts of Latin America,” he says.

“From a trade perspective, this pattern remains consistent. It doesn’t change the global supply but shifts the flow of goods. However, for consumers, tariffs typically lead to inflationary pressures, increasing overall costs.”

The U.S. is one of the world’s largest exporters of commodities, excluding oil and natural gas, shipping nearly 400 million tons of goods like grains, maize and coal.

For grains and other agricultural commodities like corn and maize, tariffs are unlikely to have a significant impact, says Tsantanis. “On the contrary, if conflicts subside and key trade routes, such as the grain corridor from Ukraine via the Baltic and Black Seas, reopen, we expect a major boost in grain exports.”

Ultimately, tariffs are just one factor, he says. Geopolitical events play an equally important role.

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