Taiwanese shipping veteran Bronson Hsieh said at a seminar this week that US President Donald Trump’s trade war against China will increase demand for small and mid-sized container ships as manufacturers shift supply chains to Southeast Asia and South America to circumvent tariffs.
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President Donald Trump announced plans to introduce reciprocal tariffs targeting numerous countries next week, signaling a significant escalation in the ongoing trade war.
The specifics of the countries that will be impacted remain undisclosed, although the president hinted at a comprehensive approach that could potentially address the US budget deficit.
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https://container-news.com/trade-war-trump-intends-to-introduce-additional-tariffs/
By Jarrett Renshaw and David Morgan WASHINGTON, Feb 7 (Reuters) – President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries next week, a major escalation of his trade…
https://gcaptain.com/trump-to-announce-reciprocal-tariffs-on-many-countries-next-week/
President Donald Trump has once again thrust trade policy into the spotlight, threatening to impose sweeping 25% tariffs on goods from Mexico and Canada. This bold move comes as a shock to many, given the recent ratification of the United States-Mexico-Canada Agreement, which was meant to usher in a new era of North American economic cooperation.
These tariffs were originally scheduled to be implemented on Feb. 1 but were delayed by a month after concessions on border troops by first Mexico,...
https://www.freightwaves.com/news/making-sense-of-trumps-new-trade-war
A. P. Moller-Maersk A/S, a bellwether for world trade, forecast growth in the global container market as it sees consumer demand defying an intensifying trade war.
https://gcaptain.com/maersk-sees-global-container-market-growth-despite-trade-war/
Trump’s proposed tariffs represent an aggressive trade strategy, potentially designed to pressure major players in the global shipping industry.
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China imposed targeted tariffs on U.S. imports on Tuesday and put several companies, including Google, on notice for possible sanctions, in a measured response to the sweeping duties on Chinese imports imposed by President Donald Trump.
https://gcaptain.com/china-launches-limited-tariffs-after-trump-imposes-sweeping-new-levies/
Warnings of recession greeted the imposition of sweeping tariffs against the US’s three biggest trading partners on Saturday.
The President of the United States Donald Trump announced he would enact his previously stated plan to impose a 25% tariff on imports from Canada and Mexico starting on 1 February.
Trump’s tariffs on Mexico signals trade war
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https://container-news.com/trumps-tariffs-on-mexico-may-signal-onset-of-trade-war/
President Donald Trump said he would impose tariffs on a wide range of imports, including oil and metals, in the coming months, expanding his plans to enact sweeping trade levies well beyond those set to hit China, Canada and Mexico on Saturday.