Trump tariffs bad for global economy and trade, Maersk says
Shipping company Maersk said on Thursday that the tariffs announced by U.S. President Donald Trump on Wednesday amount to bad news for the global economy and trade stability. Trump's move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike, has intensified a global trade war that threatens to stoke inflation and stall growth. "The tariff plan announced by the U.S. administration was significant, and in its current form, it clearly isn't good news for (the) global economy, stability and trade," Maersk said in a written comment.