New vessel orders were down more than 50% in the first half of this year, compared to the first half last year according to Clarksons, a ship brokerage.
As the U.S. employs more tariffs and sanctions, former international economic security advisor Daleep Singh makes the case for economic Geneva Conventions, and a federal Department of Economic Security.
Looking back at the first Trump administration’s tariff policy might give some insight on where trade policy is or isn’t headed. But don’t expect firm answers.
Specifics are still TBD, but the U.K. got a reprieve on auto, steel and aluminum tariffs, while the U.K. may open up to more U.S. agricultural products.