

Even aside from the whole Russia angle, an oil tanker running aground is bad news, just from an “huge oil mess potential” standpoint. I wonder if it was empty, seeing as the article didn’t mention oil spill risk?
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Doesn’t sound like it was empty.
On January 25, AFP published video provided by the French Armed Forces General Staff. The footage shows a military helicopter hovering above the tanker as armed French personnel fast-rope onto the deck, make contact with the crew and conduct an inspection.
The Insider reviewed the AFP video and noted the tanker was riding low in the water — in places the waterline was barely visible due to waves. Such draft typically indicates the ship is carrying a full or near-full load.
Oh, “grounded” here must be some kind of bad translation. I suspect that they mean “impounded” or something like that.














While that is true in theory, it’s also true that it’s a little more complicated than that.
My understanding is that in the past, the US tried placing tariffs on steel originating from China — steel being a strategic good, something where there’s a positive externality to having a secure supply — and it wound up effectively being routed through other countries.
A second issue is that it’s not just a matter of the steel moving through countries directly, but the fact that products can be manufactured in other countries using steel from China, and there isn’t any system for tracking that. Like, say I buy a desktop computer case made of sheet metal from, oh, Taiwan. Where did the Taiwanese manufacturer get the steel from?
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Here’s something from Brookings (Brookings not being particularly enthusiastic about either Trump or protectionist trade policy):
https://www.brookings.edu/articles/is-china-circumventing-us-tariffs-via-mexico-and-canada/