# Ocean shipping in crossfire again as trade war reignites - FreightWaves

> Renewed U.S. trade threats include tariffs on Brazilian and Argentine steel and aluminum tied to alleged currency manipulation, a 100% tariff threat on French goods, and comments that a China deal may wait until after the 2020 election. Analysts expect the trade dispute to weigh on shipping volumes into 2020.

- Date: 2019-12-03 · published 2019-12-03T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/55762-ocean-shipping-in-crossfire-again-as-trade-war-reignites-freightwaves
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Renewed uncertainty over US-China purchases and South American trade relations weighs on grain export demand and freight volumes, which is bearish for soybeans and ocean freight.

## Read by commodity

- SOY: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-05-11 | [How an escalating trade war could play out for ocean shipping - FreightWaves](https://feedsoft.ai/events/59286-how-an-escalating-trade-war-could-play-out-for-ocean-shipping-freightwaves.md) | +3.1% | +7.7% |
| SOY | 2018-07-13 | [Canadian farmers 'caught in the crossfire' of US-China trade war](https://feedsoft.ai/events/64037-canadian-farmers-caught-in-the-crossfire-of-us-china-trade-war.md) | +1.9% | +7.0% |
| SOY | 2025-12-01 | [How the Lowly Soybean Got Trapped in the Crossfire of the U.S.-China Trade Wars](https://feedsoft.ai/events/21983-how-the-lowly-soybean-got-trapped-in-the-crossfire-of-the-u-s-china-trade-wars.md) | -2.9% | -7.8% |
| SOY | 2018-08-07 | [Shipping markets in chaos over trade war \| 2018-08-07  \| World Grain](https://feedsoft.ai/events/63422-shipping-markets-in-chaos-over-trade-war-2018-08-07-world-grain.md) | -2.7% | -5.2% |
| SOY | 2019-01-24 | [Trade War’s impact on grain shipping \| 2019-01-24  \| World Grain](https://feedsoft.ai/events/61014-trade-war-s-impact-on-grain-shipping-2019-01-24-world-grain.md) | +0.7% | -0.4% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/ocean-shipping-in-crossfire-again-as-trade-war-reignites

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.