Trump denies pressure for trade deal as China welcomes U.S. talks invite

U.S. President Donald Trump said on Thursday that the United States was under no pressure to make a trade deal with China, even as Chinese officials welcomed an invitation from Washington for a new round of talks with more U.S. tariffs looming. He said on Twitter that a Wall Street Journal story on Wednesday about
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China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing Tehran a lifeline while European companies such as France’s Total are walking away due to fear of reprisals from Washington. The United States is trying to halt Iranian oil exports in an effort to force
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Under President Trump, the freight forwarding industry has already been rocked by about-turns in the US trade policy. With a number of new tariffs likely to be introduced in the coming months, freight forwarders fear that further supply chain flux will follow and, as a result, air and ocean freight rates could face downside pressure.
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Tanker Market Outlook, we explained our future expectations of weaker Aframax demand along the Caribbean > US Gulf trade, which accounts for roughly 4.7% of total sector ton-mile demand. In January, we stated “On the other side of the Atlantic, the benchmark Caribbean > US Gulf trade collapsed by 11.3% in 2017 as a result
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