Global Trade And Logistics News

Maritime consultancy Drewry said on Thursday that it expects global container port volume to fall 1% as a direct result of U.S. trade policies.That would be the third drop in global container shipping demand since London-based Drewry began recording that data in 1979. Container volumes fell 8.4% during the global financial crisis in 2009 and 0.9% in 2020 when the COVID pandemic was declared.The Trump administration's new policy includes blanket tariffs of 10% on goods from most countries and 145% ones on products from China. China and other countries have hit back with tariffs on U.S.