International Trade News

Terms of Trade: What Superyachts Show About the Global Economy

Nov. 29, 2019, 12:00 PM

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A rising economic tide lifts all boats, so the saying goes. It turns out the opposite is true, too.

Even the super-rich are feeling skittish about the future lately, given a trade war between the U.S. and China, a Germany teetering on recession and bloody clashes in Hong Kong. And that’s stoking anxiety among “superyacht” dealers, where a good day at the office means selling a $50 million vessel.

Sales of them are seen...

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