US-China cargo volume plunged in April as customers reacted 'very, very fast' to tariffs, says Maersk CEO

Maersk's business activity is widely regarded as a bellwether for global trade.

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• US-China container volumes fell 30% to 40% in April due to tariffs, Maersk's CEO said.
• Maersk, a key global trade indicator, has noticed rapid order cancellations amid tariff impacts.
• Chinese exports to the US plunged about 20% in April from a year ago.

Container volumes between the US and China plunged 30% to 40% in April as President Donald Trump's tariffs took hold...