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Are Shipping Stocks Shipwrecked
by the U.S. and China Disputes?
When the news broke in August about the 10% tariff on $300 billion of Chinese goods, shipping stocks saw a downturn. Unfortunately, small & microcap stocks took the biggest hit due to their size and structure. Most of these companies are not equipped to take a hit that large. Between the dispute among China and the US, the stock prices across the industry fluctuated. Although this sounds all bad, that is not the case. Not all shipping stocks are the same and many cater to different clients outside of China.