Container shipping liner Hapag-Lloyd will be able to cope with the advent of U.S. tariffs on Chinese products, its chief executive told reporters on Tuesday."It is too early to push the panic
Container shipping liner Hapag-Lloyd will be able to cope with the advent of U.S. tariffs on Chinese products, its chief executive told reporters on Tuesday.
"It is too early to push the panic button," CEO Rolf Habben Jansen said in the remarks published on Wednesday, when additional 10% tariffs kicked in, and made before U.S. President Donald Trump proposed that his country to take over the Gaza Strip.
"Fortunately we are able to react when transport flows change," he said, adding foreseeable events were easier to handle than the unexpected ones, such as the Red Sea crisis when the Iran-backed Houthi militants launched attacks on vessels passing the Suez Canal in November 2023.
The tariffs imposed by Trump on China so far should not change the flow of goods too much, said Habben Jansen, who heads the world’s fifth-biggest container company. In Trump’s first term between 2017 and 2021, he also applied tariffs but global trade had developed well nevertheless, said Habben Jansen.
"The U.S. President also wants the U.S. economy to grow. They will need more goods for that," he said. Shipping, a proxy for trade and a health measure of the world economy, could see transport volumes rise
Content Original Link:
" target="_blank">
