Global shipping navigates Trump tariffs uncertainty

Quick Summary:

PARIS: Shifting trade announcements have led to unprecedented volatility in the global shipping industry in recent weeks, with industry players having to constantly adapt to new US tariffs.

Trump's recent walk-back, announcing a 90-day pause on some previously announced levies - with the exception of those targeting China – has once again upset the balance.

Adding to the headwinds facing shipping are new US port fees for Chinese-built and -operated ships, unveiled by Washington on Thursday (Apr 17) and due to kick in from mid-October.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaIndiaJapanSouth KoreaUnited States

Topics: Trump Tariffs Global Recent Cent China Freight Trade Industry Shipping Ships

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 11:17:53 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 753 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 28128363

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 50 posts per day

Year Established: 1999

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News Last Updated: 36 minutes ago

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