Global shipping to shift as Europe and southeast Asia fill US gap in China trade
China is cultivating trade ties with Southeast Asia and Europe in the face of intensifying ...
MAERSK: MOST DEFENSIVE AFTER NEW TARIFF THREATS TSLA: MERGER TALKDSV: FX RISK ON THE RADAREXPD: LOOKING AHEADPLD: DOWNSIDE RISKKNIN: TOP SCHENKER EXEC INR: STUNNING PAYOUT RISE AND NEW RECORDXOM: DISPOSALS AMID EARNINGS PRESSUREDHL: JOINING THE BEAR CAMP DSV: LOOKING FOR DIRECTIONUPS: TURNING MORE BULLISHCHRW: TRIMMING AHEAD OF EARNINGSBA: NEW HIGH AMZN: STRENGTHENING AI TIES
MAERSK: MOST DEFENSIVE AFTER NEW TARIFF THREATS TSLA: MERGER TALKDSV: FX RISK ON THE RADAREXPD: LOOKING AHEADPLD: DOWNSIDE RISKKNIN: TOP SCHENKER EXEC INR: STUNNING PAYOUT RISE AND NEW RECORDXOM: DISPOSALS AMID EARNINGS PRESSUREDHL: JOINING THE BEAR CAMP DSV: LOOKING FOR DIRECTIONUPS: TURNING MORE BULLISHCHRW: TRIMMING AHEAD OF EARNINGSBA: NEW HIGH AMZN: STRENGTHENING AI TIES
The October 1 deadline, which would have seen the US apply another 5% tariffs on some $250bn of Chinese imports – raising an existing tariff from 25% to 30% – has been postponed by a fortnight. The Chinese requested it be delayed until after Golden Week and anniversary celebrations, according to a President Trump tweet. According to this report from CNBC, Mr Trump initially planned to double tariffs rather than the 5% increase, but was dissuaded after widespread business lobbying. “Treasury secretary Steven Mnuchin and US trade representative Robert Lighthizer then enlisted multiple CEOs to call the president and warn him about the impact of such a move on the stock market and the economy.”
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