Reported about 10 hours ago
The global ocean shipping industry, crucial for handling 80% of world trade, is facing significant uncertainty as U.S. President Donald Trump escalates trade tensions with tariffs and port fees targeting China, Mexico, and Canada. This uncertainty looms over major shipping conferences and could disrupt international trade, increase shipping costs, and affect consumer prices, while industry experts warn of potential market volatility and a pullback in demand due to new import taxes.
Source: YAHOO