Nippon Yusen (NYK), Japan's top shipping company, is apprehensive about the impact of U.S. President Donald Trump's tariffs on the prices of cars and everyday products. NYK's president, Takaya Soga, expressed concerns that these tariffs could lead to higher costs for consumers, thereby reducing the actual flow of goods and potentially slowing down cargo movements.

Although the tariffs are not directly imposed on consumers, Soga noted that consumers will bear the burden indirectly. Despite the potential negative effects on Japan's export-driven economy, there could be some advantages for shipping and logistics companies, such as NYK, arising from the trade war.

Soga pointed out that while cargo volumes may decline due to the tariffs, procedural delays related to tariffs could disrupt logistics, increase demand for shipping services, and raise freight rates. NYK might also benefit from business opportunities if China starts sourcing raw materials from countries other than the U.S.

The article also mentions the potential impacts of geopolitical risks, such as disruptions in the Red Sea and issues related to port fees in the United States. Furthermore, NYK is urging the Panama Canal Authority to prioritize LNG tanker traffic and is considering investment plans in vessels for offshore wind power projects, with a focus on overseas markets.