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Maersk Container Carrier warns of US protectionism

Source: transport-online.nl

COPENHAGEN – Danish shipping and oil group A. P. Möller-Maersk, the largest container carrier in the world, has expressed concern about a possible increase in protectionism in the United States. According to CFO Trond Westlie a shift in US policy will have a negative impact on world trade.

Bloomberg claims that the tone in the campaigns of both the Republicans and the Democrats is more anti-trade than it has been in years. “Overall ensure trade barriers to a weakening of global growth,” said the CFO of Maersk.

According to him, reduced trade barriers not only good for the growth of trade, but also for economic growth. “Trade barriers should be limited as much as possible,” said Westlie. “Whether we are talking about the brexit or the United States, or for example, rates in Africa and South America.”

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