00:00The Port of Hamburg, Germany's largest seaport and a key European trade hub, has faced a nearly 24% decline in its import and export businesses with the United States this year, largely due to U.S. tariff policies.
00:15James Mayer, CEO of the Hamburg Port Authority, explained that these tariffs create uncertainty and disrupt cargo flows between the U.S. and Europe, making trade planning difficult.
00:28Despite this downturn with the U.S., the port overall recorded a 9.3% increase in container throughput, largely driven by growth in trade with China and Southeast Asia.
00:40Mayer emphasized Hamburg's commitment to free and global trade and noted that the port's future will increasingly involve partnerships like China's Belt and Road Initiative.
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