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World’s Biggest Shipping Firm Warns Against U.S. Protectionism

  • Maersk CFO warns trade barriers would hurt economic growth
  • Foreign Minister of Denmark says he’s ‘worried’ about Trump
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Navigating the Challenging Conditions in Shipping

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A. P. Moeller-Maersk A/S, a Danish conglomerate that owns the world’s largest container shipping company, is voicing concern as a potential shift in U.S. policy threatens to reduce global trade.

While Maersk assumes that no matter how the U.S. presidential election ends, it probably “won’t have an effect on the contracts we have and the employment exposure we have in the U.S.,” Trond Westlie, its chief financial officer, said any steps in a more protectionist direction would clearly hurt global economic growth.