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Shorting Maersk stock during a global trade war may seem like a sure bet. But investors who’ve loaded up on the trade since April have so far only been handed big losses.

After a 2.9% gain in 2024, global goods trade will increase by 0.9% this year, the Geneva-based trade body said in a report Aug. 8.

Deliveries of key nutrients to the U.S. have plunged, machinery prices are climbing and crop buyers are limiting purchases amid mounting uncertainty.

Uber and Lyft also get licenses under a new state law that takes effect Sept. 1.

The shift in fortunes began during President Donald Trump’s trade war with China in his first term, with the initial annual deficits recorded in 2019 and 2020.

Motor fuel taxes fell in three states but rose in 10 others after states on July 1 either recalculated their annual rates or adopted legislation to pay for highway infrastructure.

“The real question everybody in the industry is asking is whether there will be a component tariff, where the chips in a device would require some sort of separate tariff calculation.”

Toyota’s estimate dwarfs recent forecasts from global heavyweights as the auto industry contends with fast-changing policies that are seeing costs balloon.

GHG3 was rolled out under the Biden administration but came under heavy fire from trucking stakeholders, many of whom characterized it as damaging to carriers.

Legislation that aims to establish a nationwide policy framework for autonomous commercial vehicles was recently introduced in the U.S. House of Representatives.