As EU and US negotiators scramble to prevent a full-scale trade war ahead of a critical July deadline, the global shipping industry watches with cautious urgency, as Bloomberg reported.
With Washington threatening a blanket 50 % tariff on almost all EU products from 9 July and Brussels readying €21 billion in counter-measures, negotiators now frame success as an agreement in principle that merely extends talks past the deadline.
In recent weeks, data reveals a cooling in transatlantic container demand.
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