The CEO of container-line Maersk, Soren Skou, stated that global trade in 2020 won’t “see much higher trade growth” in 2020 versus 2019. Skou’s differentiated between parts of the economy, indicating that among its shipments “consumer goods are holding up quite fine – it’s the capital goods that are not moving”. Maersk may have seen a slow end to 2019 with U.S. seaborne imports handled by the firm having fallen by 7.8% year over year in 4Q. Shipments from China dropped 28.6% in part due to timing of pre-tariff stockpiling. Among consumer goods, Maersk’s handling of total U.S. imports of...