Shipping and the trade war torpedo
THE weekend's news that US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to allow for talks will be widely welcomed, and especially in the global shipping industry.
While the deal, agreed at a a post-G20 summit meeting in Buenos Aires, is a temporary one it appears that there is real hope that a long-term agreement can be thrashed out in the coming three months. If so, that will be even better news for the maritime sector.
The incipient US-China trade war is already affecting shipping. The latest …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’
Swedish manufacturer is latest to offer electric pleasure craft in Singapore
Mercedes says it will continue to invest in China tie-ups
Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
Ford profit beats on commercial sales; EVs still dragging
GM CEO Barra compensation fell 4% in 2023 to US$27.8 million