Trump’s tariff war only directly impacting 1.5% of global seaborne trade volumes for now

Despite their high profile, US trade tariffs – and retaliatory actions – are to date impacting directly only 1.5% of global seaborne trade volumes, according to the latest data from Clarksons Research, which notes that in the previous 2018-19 trade war tonne-miles were cut by only 0.5%. With US policy described by Clarksons as “fluid”, …