BERLIN (Reuters) – The trade policy of U.S. President Donald Trump is particularly tough on German shipping company Hapag-Lloyd because of the high proportion of volumes related to the United States in global freight, the chief executive said on Wednesday.
Rolf Habben Jansen said 22% of global container freight and around 27% of Hapag’s own cargo volume was connected to the U.S., adding, “Against this backdrop, U.S. tariffs are particularly tough.”
(Reporting by Elke Ahlswede, writing by Rachel More, editing by Thomas Seythal)
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