Tariff Quote Watch: Maersk Strikes Relaxed Tone About Trade War — Panjiva
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Tariff Quote Watch: Maersk Strikes Relaxed Tone About Trade War

China 3053 Corp - Shipping 1030 Mode - Containerized 1525 Mode - Seaborne 1846 Quote Watch 452 Tariffs 1870 U.S. 5404

Maersk’s CEO, Soren Skou, has stated the firm only expects U.S. imports to “drop a little bit in the coming quarters” as a result of the U.S.-China trade war. The timing of the slowdown will be a function of negotiations between China and the U.S. as well as the seasonality effect of the earlier lunar new year. An optical slowdown is inevitable later in the year as 2018’s pre-tariff shipping rush becomes the comparator for 4Q. Maersk’s U.S.-inbound shipments from China have kept pace with the national average with a 12.3% year over year increase in 4Q versus 13.9% fo...

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