Tariff war can hurt transpacific trade badly, analysts warn
Latest round of US tariffs on $200bn of Chinese imports will affect 58% of the container trade — or 6.4m teu — from China to the US, according to Seabury Consulting. Meanwhile, MSI estimates that a blanket 25% US tariff against China would knock down transpacific headhaul trade by nearly 8%, assuming no cargo switching to Southeast Asia
Trade war will also encourage reshoring and near-shoring, which is the worst news for container shipping
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