News Formal

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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

'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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No just them

Ominous.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs analyzed 60 earnings calls and arrived at these 4 critical themes that are shaping the corporate landscapeExecutives from 60 S&P 500 companies focused on the US-China trade war, slowing global economies, interest rate cuts, and new pressures on margins. No life without problem, no problem without had a problem: (Financial, Love, Protection, Happiness, Glory, Healing,Urgent emotional return, magic wallet multiplier money per day without risk and without inconvenience. whatsapp: +33756880197 Thank you
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks Nosedive Amid Fears of a Trump-Induced RecessionMarkets dropped Wednesday as the president’s trade wars weigh on global economic growth. The economy isn’t booming. That is just a Republican talking point. Trump is an economic failure who helped his buddies at everyone else’s expense. He is, because that's what he's always done. Each one of these temporary dips becomes a dream for bargain hunters. Day traders rejoice and get rich.
Source: VanityFair - 🏆 391. / 55 Read more »