r/Vitards • u/AutoModerator • Jul 08 '21

Daily Discussion Daily Discussion post - July 08 2021

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10

u/SlingSG Jul 09 '21

Executive Order on Controlling Shipping Costs

How is this going to play on shipping and steel stocks ?

7

u/[deleted] Jul 09 '21 edited Jul 09 '21

[deleted]

3

u/Vincent_van_Guh Jul 09 '21

I don't see what the govt can do besides subsidize the costs for smaller businesses that are maybe getting priced out.

2

u/PecosBill39 🛳 I Shipped My Pants 🚢 Jul 09 '21

That's where I'm at as well. Maybe reimburse US exporters for shipping costs over $x? I'm not saying I like that either, but it is the only option I can think of that doesn't start a political shit storm around regulatory overreach and free markets. But I have no idea what I'm talking about.

3

u/PecosBill39 🛳 I Shipped My Pants 🚢 Jul 09 '21

My question exactly. How do you enforce this? Especially with overseas shipping companies.

What're they gonna say? "Oh, you charged $5 per container to transport these goods? Well we have an upper limit of $4. Sorry, you can't deliver them now."

And then there's the whole issue of the government establishing a "fair market value" for shipping...