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Shipping analyst on Trump's trade war: "The pause button has been pressed"

An unprecedented trade war has put global supply chains in a state of limbo, where no one dares to make decisions, says an independent shipping analyst

Global supply chains are in a state of limbo. Extensive U.S. tariffs and political unpredictability have put exporters, importers, and freight forwarders worldwide in a holding pattern.

This is according to Lars Jensen, an independent shipping analyst and CEO of Vespucci Maritime, in a market update following the U.S. president's two-step announcement of extensive tariffs on exports to the U.S. made last Wednesday.

BREAKING
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