Clarksons, the world's largest ship broker, announced a significant drop in revenues linked to geopolitical turmoil and fluctuating US foreign policies under Trump. With tariffs imposed on major trading partners and the threat of new tariffs on the EU, shipping rates have plummeted since early 2025, affecting market confidence. CEO Andi Case highlighted that ongoing regional conflicts and economic instability have further complicated the landscape, leading to an 18% drop in Clarksons' share price, which is now at its lowest since November.
Trump has imposed tariffs on the US's largest trading partners, Mexico, Canada and China, only to then temporarily withdraw levies on Canada and Mexico.
Andi Case, the Clarkson plc chief executive, said: 2025 has started with more uncertainty than most due to political change, ongoing regional conflicts, increased trade tensions, tariffs and sanctions.
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