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There is nothing good about a trade war. It is a vicious circle of retaliation where there are no winners, only losers. President Trump has managed to start such a war and as a result is knocking trillions of dollars in value off the stock markets and will potentially cause a decline in consumer confidence. China recently announced plans to impose 25 percent tariffs on a large range of U.S. goods. The list includes soybeans, cars and aircraft – three key export areas – along

The first victims of the Administration’s trade war will be ocean carriers, ports, terminals, truckers, and railroads. There are seldom any winners in a trade war – although both sides will claim victory in the end – but there will surely be a loss of trade and damage to the shipping industry. The announced U.S. tariffs on steel and aluminum will hurt break bulk carriers and ports as well as the container trades. China’s announcement of retaliatory tariffs on fruit, dried fru