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Headlines

Hapag-Lloyd CEO warns of 'particularly tough' tariffs due to U.S. exposure

Published by Global Banking and Finance Review

Posted on April 30, 2025

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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)