US, EU trade pact gets mixed reaction from shipping analysts

 

Shipping industry analysts have expressed mixed views on the US and EU’s trade deal. Jefferies analyst Omar Nokta said the trade deals between the US and major partners are a big positive, in that they remove uncertainty and encourage more volumes. It appears these deals are supportive of global trade as compared to prior fears that aggressive US tariffs would stifle trade, Nokta wrote. However, Fearnley Securities analysts said that for container shipping, the fact that tariffs have risen to 15% from before the trade fight is a net negative. It would not be surprising if volume growth wanes now that tariffs are in place and front-loading effects have likely been taken out, analysts led by Fredrik Dybwad said in a note, as per a report.

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