Trump's plan for towering tariffs spells bad news for shipping

US plans to introduce large tariffs on steel and aluminum come as bad news for shipping companies, Secretary General of Danish Shipping, Anne Steffensen, tells ShippingWatch. "The US is our second-largest market."

by TOMAS KRISTIANSEN, DANIEL LOGAN, KATRINE GRØNVALD RAUN

The shipping industry overall could face entirely new trade barriers and at worst a de-facto trade war following Thursday's remarkable announcement from US President Donald Trump.

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