Top shipping broker Clarksons says war and Trump tariff fears have hit revenues

News Snapshot:

The world’s biggest ship broker has warned that geopolitical turmoil from war and Donald Trump’s tearing up of US foreign policy have hurt its revenues, sending its share price tumbling by nearly a fifth on Monday. Clarksons, which is listed on London’s FTSE 250 index of mid-sized companies, said the rates charged by shipping companies had dropped since the start of 2025, hit by concerns over the impact of tariffs. Trump has imposed tariffs on the US’s largest trading partners: Mexico, Canada and China, only to then temporarily withdrawn levies on Canada and Mexico. He has also threatened steep tariffs...