BLG Group prepares for 15% traffic drop amid expected U.S. auto tariffs

Investing.com -- BLG Group, a leading logistics provider operating one of the globe’s most active automobile terminals at Germany’s Bremerhaven port, announced on Wednesday that it is preparing for a potential 15% decrease in traffic. This projection is in response to the anticipated 25% tariffs on U.S. auto imports, set to take effect from April 3.

The company’s Chairman, Matthias Magnor, stated that roughly 30% of BLG Group’s car exports and imports are to and from the United States. He further highlighted the potential impact of protectionist trade barriers on the demand, which in turn influences exports and imports and ultimately affects the prosperity of both economies.

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