End of Suez Snarl Marks Beginning of New Stress on Global Trade
- The backlog of waiting ships may take several days to clear
- Importers could see ripple effects of shortages, higher rates
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Now removed from the Suez Canal’s main channel, the Ever Given leaves in its wake several weeks or months of disruptions across a world economy where the pandemic revealed both the sturdy backbone of global trade and an Achilles’ heel.