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That put this in perspective, the United States remain the largest market for chinese product of any country Around The World and our own Trade Relationship remains very significant, in fact, Trade Relationship remains very significant, infact, china is our Third LargestTrading Partner and after mexico and after american businesses and investors in shanghai there remains very strong interest in working in this market, provided that we a level Playing Field and a fair shot. When we do, we do very well. But when we are looking at the question of tariffs, measures etc, what were focused on its p ....
Or to mitigate the impact of having something like this, how we can manage this, that s still something we have in front of us. the global economy is not a pretty picture. you have said recently that you expect a drop in the number of containers needed to ship all our goods around the world, and that will result in your profits dropping by 75%. that is a staggering number. so, actually, that is correct because there are two things playing out. one is the volume aspect, the other is the price aspect. we are coming down 75% because the prices that we have seen as the dominating prices here in 2021 and 2022, are prices we have never seen before, and profits that have been out of the norm in the industry we operate in. we always always knew that was a temporary effect, linked to congestion and different disruptions that were pandemic related. ....
How we can manage this, that s still something we have in front of us. the global economy is not a pretty picture. you have said recently that you expect a drop in the number of containers needed to ship all our goods around the world, and that will result in your profits dropping by 75%. that is a staggering number. so, actually, that is correct because there are two things playing out. one is the volume aspect, the other is the price aspect. we are coming down 75% because the prices that we have seen as the dominating prices here in 2021 and 2022, are prices we have never seen before, and profits that have been out of the norm in the industry we operate in. we always always knew that was a temporary effect, linked to congestion and different disruptions that were pandemic related. and as this is abating, then you see the price ....
And that will result in your profits dropping by 75%. that is a staggering number. so, actually, that is correct because there are two things playing out. one is the volume aspect, the other is the price aspect. we are coming down 75% because the prices that we have seen as the dominating prices here in 2021 and 2022, our prices we have never seen before, and profits that have been out of the norm in the industry we operate in. we always always knew that was a temporary effect, linked to congestion, and different disruptions, and as this is abating, then you see the price is normalising. and this normalisation of prices, when you see such a large delta on the prices, this is having a very significant impact. 0n the earnings. ....