According to a poll launched by Deltalinqs and RPPC, most companies in the port of Rotterdam fear especially the indirect impacts of the US trade policy. Companies are in particular concerned about issues such as rising inflation, reduced global trade and increased Chinese dumping on the European market.
Some key figures:
- 53% of the respondents fear a decline in global trade;
- 56% of participants to the survey are concerned about inflation;
- 26% of the responding companies point out they are worried about retaliation, e. the situation where countries respond to tariffs with their own counter-measures, leading to enduring economic uncertainty.
27% of the respondents also fear direct consequences of the current trade war and indicate they expect a fall in their turnover.
Victor van der Chijs, president of Deltalinqs suggested a number of solution pathways to mitigate the impacts of the current trade war on companies in the port of Rotterdam, such as working on the conclusion of free trade agreements and implementing the measures of the Clean Industrial Deal.
