Kuehne + Nagel International AG
KNIN: XSWX (CHE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| <dc | LOCK|pS&G> | LOCK|Gyq$%z^ |
Trump's Tariffs Hit the Value of DSV and Kuehne+Nagel Shares
US President Donald Trump imposed 25% tariffs on Canada and Mexico and 10% tariffs on China on Feb. 1, although he paused tariffs on Mexico on Feb. 3 following that country's agreement to cooperate on border security. This news and the expectation of a reduction in global trade sent the shares of global shippers and freight forwarders lower in early trading on Feb. 3. Shares of no-moat global shippers Maersk and Hapag-Lloyd were down 2% and shares of narrow-moat freight forwarders DSV and Kuehne+Nagel were down 2.5%, on average.
