Reuters CEO of Maersk, the world's largest shipping company, warns the impact of President Donald Trump's trade war will be bigger in the US than anywhere else. It could knock 4% off US trade annually, Soren Skou said at an event in Denmark. The impact would be particularly large if the US attempted to place tariffs on consumer goods coming from China. The CEO of AP Moller-Maersk, the world's biggest operator of container ships, has warned that President Donald Trump's trade war will ultimately be more harmful to the US than any other country. Speaking at Maersk's global headquarters in Copenhagen, Denmark, Soren Skou said the US-led conflict, which has seen Washington and Beijing exchange numerous rounds of threats about tariffs, is likely to have the biggest downsides in the US, thanks to its outsized reliance on foreign-produced consumer goods.See the rest of the story at Business InsiderNOW WATCH: INSIDE WEST POINT: What it’s really like for new Army cadets on their first daySee Also:The lira surged 7% after Turkey hit back at US 'attacks' by slapping American cars, alcohol, and tobacco with huge tariffsIt's becoming more and more clear that Brexit is driving EU nationals out of the UKGOLDMAN SACHS WARNS: The worst-case scenario for a global trade war could wipe out the stock market's most important driverSEE ALSO: Trump is reportedly preparing to weaken the dollar — here's why it will be nearly impossible and won't really fix anything
The World's Biggest Shipping Company Warns Trump's Trade War Will Hurt America More Than Anyone Else
feedback@businessinsider.com (Will Martin), Business Insider
Mon, 08/20/2018 - 3:49am
Topics: reuters china the ceo ap moller-maersk speaking copenhagen soren skou us-led washington beijing business insidernow watch west point army turkey american brexit ukgoldman sachs warns eu ceo maersk president donald trump soren skou denmark us world's biggest trump's trade war impact global tariffs consumer
BING NEWS:
- Factbox-Trump's second-term agenda: revenge, trade wars, mass deportations
Donald Trump plans to punish his political enemies, deport millions of migrants and reshape global trade with pricey tariffs if he wins a second White House term in the November presidential election.
04/24/2024 - 5:16 am | View Link - Trump no longer one of the world's richest 500
Former US president Donald Trump is no longer one of the richest 500 in the world. His name is now missing from the list of Bloomberg Billionaires Index which daily ranks the world's 500 richest ...
04/10/2024 - 4:22 am | View Link - Trump's Net Worth Hits $6.5 Billion, Making Him One Of World's Richest People
That values Trump's 58% stake in the company at $3.9 billion. (It's expected to start trading under the ticker DJT on Tuesday.) The completion of the merger, which overcame hurdles including an ...
03/26/2024 - 5:21 am | View Link - Donald Trump's Truth Social deal has made him one of the 500 richest people in the world
Trump has had a good couple of weeks. Related stories His long-suffering social-media platform, Truth Social, has become part of a publicly traded company, and on Monday, a New York appeals court ...
03/26/2024 - 3:51 am | View Link - Trump’s net worth hits $9.8b in social media deal
That values Trump’s 58 per cent stake in the company at $3.9 billion. (It’s expected to start trading under the ticker DJT on Tuesday.) The completion of the merger, which overcame hurdles ...
03/25/2024 - 1:00 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more