Shippers, logistics firms slide as US tariffs will affect freight flows

Shares in European shipping and logistic groups fall after President Donald Trump announced world-wide tariffs on most goods imported into the United States

Shippers Maersk MAERSKb.CO and Hapag-Lloyd HLAG.DE fall 6%, logistic groups DSV DSV.CO, Kuehne und Nagel KNIN.S are down around 4%

Hapag-Lloyd says it could adjust its service network in the wake of the tariffs, as it warns of impact on demand, cargo flows and costs

"We expect freight flows to shift geographically and this shift should lead to more complex supply chains for customers", Deutsche Bank analyst Andy Chu says

This could include more cross-border shipments, more value-added services and more warehousing requirements, Chu adds