Trump tariff seen impacting India-Asia trade flows

Maersk has issued a comprehensive global customer advisory highlighting the sweeping trade policy shifts underway in the United States, which are expected to reshape global cargo flows and Customs procedures. The update provides shippers and logistics providers with clarity on a wave of new tariffs, regulatory changes, and enforcement measures being introduced across key US trade corridors.  The advisory applies to businesses operating in Asia-Pacific, Europe, Latin America, the Middle East, India and Africa, and comes at a time of intensifying scrutiny of global value chains. According to the advisory, the United States and the European Union have finalised a new trade agreement under which most EU-origin goods will now face a 15% tariff. The agreement removes or reduces duties in several industrial and agricultural sectors, including aviation components, semiconductor equipment, and certain farm products, as per a report.

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