Trump tariffs dangerous for international financial system and commerce, Maersk says

COPENHAGEN (Reuters) – Transport firm Maersk mentioned on Thursday that the tariffs introduced by U.S. President Donald Trump on Wednesday quantity to dangerous information for the worldwide financial system and commerce stability.

Trump’s transfer to slap a ten% tariff on most items imported to the USA, in addition to a lot increased levies on dozens of rivals and allies alike, has intensified a world commerce battle that threatens to stoke inflation and stall progress.

“The tariff plan introduced by the U.S. administration was vital, and in its present kind, it clearly is not excellent news for (the) international financial system, stability and commerce,” Maersk mentioned in a written remark.

“It’s nonetheless too early to say with any confidence how this can finally unfold.” it added.

The world’s second-largest container transport agency mentioned it anticipated prospects to be extra cautious about stock ranges whereas it additionally predicted a possible short-term surge in air freight orders into the U.S. earlier than the tariffs take impact.

(Reporting by Stine Jacobsen, enhancing by Terje Solsvik)