Will China’s tariffs hit Trump or dry bulk shipping?
Beijing hit the trade in US soyabeans and coal with 25% import duties, with Trump’s core supporters in mind. This has not yet hit the earnings of bulkers amid tightening supply-demand balances globally, but any further escalation of trade tensions remains a worry
US-China dry bulk trade plays a small role in the overall picture, but cargo flows are still set to be altered significantly by tariffs
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