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U.S. importers stocked up on Chinese goods ahead of tariffs, says shipper Maersk

U.S. importers stocked up on Chinese goods ahead of tariffs, says shipper Maersk
FILE PHOTO: A Maersk container ship is guided by a tug boat in New York Harbor in New York City, U.S., June 27, 2018. REUTERS/Brendan McDermid   -   Copyright  BRENDAN MCDERMID(Reuters)
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DAVOS (Reuters) – Top U.S. importers stocked up heavily on Chinese goods in the fourth quarter before new import tariffs – part of an ongoing Sino-U.S. trade war – would take effect, the head of shipping giant A.P. Moller-Maersk <MAERSKb.CO> said on Thursday.

“It was very clear that U.S. imports from China rose significantly in the fourth quarter, while exports to China fell,” Maersk Chief Executive Soren Skou said in an interview.

(Reporting by Jacob Gronholt-Pedersen; Editing by Alexandra Hudson)

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