In the Media
Tariff Man: What Does Shipping Have in Store With a Trump Presidency?
Read Time: 1 minMember José Cot (New Orleans) was interviewed by Ship Technology in an article published on November 12, 2024.
Maritime lawyer José Cot told Ship Technology that ports are expected to be part of Trump’s wider infrastructure spending plans, potentially paid for by higher rates for foreign operators.
“Trump has pledged increased spending on American infrastructure, including port facilities. This is likely to be part of a broader agenda, including infrastructure funding and tax incentives for American companies, and additional fees and oversight regarding foreign shipping companies.”
… While they might disagree on the likelihood of ports directly benefitting from federal money, Cot shared a similar view to Kidd on the environmental focus (or lack thereof) from Trump and his team.
In Cot’s view, however, this could benefit parts of the maritime sector.
“Trump’s pledge to remove regulatory obstacles to oil and gas exploration and production will benefit the marine and energy sectors, including supply companies supporting offshore exploration and drilling in the Gulf of Mexico. This could drive additional investment and job creation in these sectors,” he opined.