A Tsunami is hitting international trade - Economic Scenarios

The New Common Denominator: Uncertainty

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A Tsunami is hitting international trade - Economic Scenarios

The storm shaking global shipping didn't need another tornado. The US government's latest announcements on Thursday evening about new taxes coming to shipowners operating Chinese vessels further embarrass shipowners, whose operations have been struggling since the beginning of the month. The cause is the trade war launched by President Trump on customs duties with his "Liberation Day". “Containerized capacity orders from the US have been declini…