U.S. and China 'have much to lose' if trade fight not sorted out, DHL Group says

The trade outlooks for the U.S. and China are positive but slowing as tariffs and other disputes plague the two countries, says DP DHL Group (Xetra: DPW). As the world’s largest forwarder by volume, the Bonn-based company has good visibility into the world’s freight volumes. And it makes that view public through its “global trade barometer,” an index of air and ocean freight moving in and out of the world’s largest economies. Tim Scharwath, chief executive of DHL Global Forwarding and Freight, says the most recent index reading shows, “we are still growing in trade. However, it has slowed down a bit.”
Global trade will top the agenda this week as leaders of the world’s two largest economies meet at the G20 Summit in Buenos Aires. As the stock market drops and the chorus of tariff foes grows, President Donald Trump may be more willing to negotiating trade differences between the U.S and China.