CK Hutchison Holdings (CKH) is stepping back from the business of seafaring commerce, as rising US-China tension and an unfolding worldwide trade war signal choppy times ahead for the port operator. The company announced overnight that it would sell 80 per cent of Hutchison Port Group which owns 43 container ports in 23 countries,

Wall Street has wiped out the gains made since President Trump’s election victory, as investors’ hopes of business-friendly policies have given way to fears over tariffs.