Donald Trump: Port of Hamburg suffers from customs policy

This is also due to the US government's trade policy. PresidentDonald Trump (79) has imposed higher import tariffs on almost all of the US's trading partners. Recently, the world's largest economy introduced a tariff rate of 15 percent for most products from the European Union.

Trade with Asia driven

Overall, container throughput climbed by 9.3 percent to 4.2 million TEU in the first six months of the year. Total seaborne cargo throughput increased by 3.6 percent to 57.8 million tons. This growth was primarily attributable to new liner services and trade with the Far East and the Baltic Sea region. This was achieved despite continued sluggish economic development and a tense geopolitical situation, it was stated. "Compared to its competitor ports, Hamburg can thus set an extremely positive example and gain market share," said HHM Board Member Axel Mattern.