Maersk Supports US-China Tariff Truce: A Step to Stability

Danish shipping giant Maersk praised a 90-day ceasefire in US-China tariffs, enhancing stock value by 12.9%. This agreement offers interim certainty, while Maersk hopes for a longstanding trade resolution to boost customers' market predictability.

In a strategic move welcomed by global markets, Danish shipping conglomerate Maersk applauded the temporary cessation of tariffs established between the United States and China. The 90-day reprieve announced on Monday is seen as a constructive step toward achieving tariff relief.

Following the announcement, Maersk's shares experienced a significant surge, climbing 12.9% by 0948 GMT. The company expressed optimism that this initial gesture could pave the way for a more enduring trade agreement, which is crucial for delivering long-term predictability to its clientele.

Maersk, in their statement, emphasized the importance of the temporary clarity provided by this tariff halt. They are proactively assisting their customers in optimizing this brief period of reduced tariffs to better navigate the market challenges.

(With inputs from agencies.)