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 1761 Corp - Shipping 610 Mode - Containerized 1006 Mode - Seaborne 1275 Tariff Quote Watch 92 Tariffs 1172 U.S. 3306

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% for t...

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