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US move on tariffs concerns owners and financiers

Trump’s decision to raise tariffs on $200bn worth of Chinese imports to try to match the tariffs charged on US goods entering China has engendered worries about market uncertainties among shipowners and financiers at a Capital Link conference in Shanghai

Witn an election looming in the US in 2020, President Donald Trump is doubling down on his 2016 election promise to his voter base that he will force China to pay the sorts of tariffs that America’s exporters pay on goods going into China, radically altering the landscape for shipowners and financiers who do not know how these tariffs will alter maritime traffic

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