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

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)

You May Also Be Interested In

• U.S. debt tops $40 trillion
• SEC charges former Bank of America investment banker with insider trading
• NASA-led study shows some Earth microbes could survive on the moon