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DCIX - How Trump's 'Trade War' Could Impact Maritime Trade
Diana Containerships Inc.
Note:This article was originally published March 2nd onValue Investor's Edge, a Seeking Alpha subscription service. Due to the "breaking news" nature of this report it was released much earlier than usual to Seeking Alpha.
Background
On Thursday, Donald Trump announced his intention to impose 25% tariff on steel and a 10% tariff on aluminum as early as next week. Most viewed this as the opening salvo in an upcoming trade war but a few tried to dismiss that notion. However, those attempts to downplay this move were shattered early Friday morning when