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Trade wars could hurt shipping demand, BIMCO says

The headline figures of proportions of tariffed goods in global trades may not be the correct way to assess the current Sino-US trade spat, according to BIMCO chief shipping analyst Peter Sand. He argues that any escalation in trade wars could hurt overall consumer demand and derail globalisation

Any escalation of the Sino-US trade spat poses a threat to underlying consumption and may make ship positioning more difficult, says chief shipping analyst Peter Sand

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