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The world's biggest shipping company just put up a red flag that the trade war is crushing the global economy

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'So far, US importers have shifted imports away from China to other countries such as Vietnam, Korea, Thailand, India and Mexico,' Maersk said.

AP Moller-Maersk, the world's biggest container shipping company, just gave a stark warning that global trade is slowing down — a sign that the trade war has been crushing the global economy. In its latest financial report, Maersk said that despite global container trade growing,"negative effects from escalating trade restrictions also weighed on trade growth." The report added that the restrictions on trade imposed by Donald Trump on China could reduce container trade globally.

AP Moller-Maersk, the world's biggest container shipping company, just gave a stark warning that global trade is slowing down — a sign that the trade war has been crushing the global economy. In its latest financial report, Maersk said that despite global container trade growing,"negative effects from escalating trade restrictions also weighed on trade growth." The report added that the restrictions on trade imposed by Donald Trump on China could reduce container trade globally.

 

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