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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 362.31-1.8%Nov 4 4:00 PM EST

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To: TobagoJack who wrote (35716)6/13/2008 6:38:56 PM
From: elmatador  Read Replies (3) of 217541
 
High Cost of Cargo Shipping could "reverse globalization,"

higher freight costs are likely to change global trade and production patterns

Message 24674562

Current oil prices mean that extra shipping costs from East Asia are equivalent to a 9-percent tariff in the US; this margin would rise to 15 percent if the cost of oil per barrel rose to US$200. These differences could potentially more than offset any cost advantages enjoyed by East Asia-based industries.
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