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Cato Podcast

The President Wants More Control over Shipping Goods

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 17 July 2021

⏱️ 13 minutes

🧾️ Download transcript

Summary

The President wants to remove some barriers to shipping goods across the U.S. and among nations, but has been recently silent about restrictions that are substantially counterproductive to Americans’ well being. Colin Grabow and Scott Lincicome explain.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Saturday, July 17th, 2021. I'm Caleb Brown.

0:08.8

The President wants to tear down barriers to shipping goods to and from the US and within the several states, sorta.

0:16.1

Cato Scott Linsicum and Colin Grabo detail how the president supports lowering some barriers

0:20.7

to shipping and the destructive barriers the Biden administration appears to have no problem keeping in place.

0:27.5

What does the president propose with respect to shipping in and among the several states and with other countries.

0:36.3

Right, so there's two areas.

0:38.7

First, there's rail and second is ocean shipping.

0:42.4

On the rail side, it's not really... there's rail and second is ocean shipping.

0:42.6

On the rail side, it's not really clear,

0:46.4

although the theory of the case

0:49.1

is that he wants to essentially force rail freight companies to take on, to allow other freight

0:57.2

companies, their competitors, to use their rails in certain concentrated markets

1:01.8

areas where one rail companies doing the service.

1:05.6

On ocean shipping they want to go after two issues that have just popped up in the

1:12.4

pandemic there that have just popped up in the pandemic, that have become emphasized in the

1:16.1

pandemic, and that is detention and demurage, which is just a really fancy way of saying,

1:22.4

ocean shippers charging companies fees for holding

1:26.9

their goods for a little while.

1:29.4

And then the other is for shipping companies refusing to put exports on their boats and ship them all over the world.

1:38.3

Colin, you want to jump in there?

1:39.6

Yes, so during the pandemic there's been an increased demand for imports and

1:46.2

consequently Americans typically we export to Asia commodities which are typically

...

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