27-April-2025
Corporate News
 
Global container shipping volume to fall 1% on Trump trade policies, Drewry says
26-Apr-2025

Maritime consultancy Drewry said on Thursday 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 collecting that data in 1979. Container volume 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 current policy includes blanket tariffs of 10% on goods from most countries and 145% import duties products from China.

News Source:- https://economictimes.indiatimes.com/small-biz/trade/exports/insights/global-container-shipping-volume-to-fall-1-on-trump-trade-policies-drewry-says/articleshow/120605113.cms