CNBC: Trump to announce 25% steel and aluminum tariffs in latest trade escalation
CNBC reports: U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel ...
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If Donald Trump becomes US president again next year, there will be more pressure on container freight rates, as he is expected to reinstate protectionist measures that will reduce imports.
Among the speakers at a shipping forum organised by South Korea’s National Assembly this month, Korea Maritime Institute head Kim Min-soo explained: “This would spell decline, particularly in transpacific rates and intra-Asia rates.
“A Trump administration will mean the US could import fewer consumer goods, especially from Asia. This will affect ...
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robert perry
October 16, 2024 at 5:21 pmOr the Cost of Living crisis could abate, war could be stopped, energy prices could be lower, interest rates could be lower and consumers could have more money to spend and then global demand could increase – or not, no one knows.