The world’s biggest shipping company warns Trump’s China tariffs are hammering global trade
|05/24/2019||Posted by BusinessMediaguide.Com under General World News||
- The world’s largest shipping company estimated global container trade grew 1.7% in the first quarter, down from 3.6% in 2018.
- AP Moller-Maersk warned the recent escalation of the trade war could push growth in global container trade to the lower end of its forecast of 1% to 3% for 2019.
- Maersk blamed a 2.2% drop in its container volumes on weaker international trade and American retailers bringing forward orders in anticipation of higher tariffs on Chinese imports.
- Watch Maersk trade live.
Growth in global container trade more than halved in the first three months of 2019, and the latest salvos in the US-China read more >>>