Global trade dynamics: Navigating tariffs and turmoil

20. January 2026

Constantly shifting trade policies and the resurgence of tariffs are reshaping global trade routes and causing pressure on the world economy. Slowing trade, supply chain disruptions and rising inflation in the US are expected to trigger changes in commodity and energy markets. With the US economy showing signs of a slowdown, the question remains whether other regions can offset the impact of reduced American trade. In addition to these macroeconomic factors, the energy transition will play a crucial role in redefining international trade and shipping, along with the growing influence of AI.

In this webinar, Saad Rahim, Chief Economist at Trafigura, explores the economic and political drivers that are shaping global trade in the year ahead. Saad provides an outlook on commodity markets and energy products, and discusses how these developments relate to international shipping.

The Q&A with the audience is facilitated by Michele Cibrario, Co-Head Energy at Swiss Re and Chair of IUMI’s Offshore Energy Committee.

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