Is it axle over spring? If so you might be able to flip it and gain more clearance - worthwhile considering here that the clearance with the trailer loaded evenly and sitting on level ground is one thing, but travelling over uneven ground or traffic slowing objects means the axles don't carry the weight evenly and you might well end up with a tyre getting pinched under a guard without realising it and with a relatively lighter load than you think. A clearance issue like this is worthwhile sorting out...
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