EU Warns Protacted Iran War Could Shave 0.6PP Off Growth

A global trade war is intensifying and Germany’s largest seaport, the Port of Hamburg, is preparing for potential disruptions. Increased trade frictions and possible export controls or sanctions could raise logistical costs and delays, posing downside risk to German exporters, shipping companies and port services, with impacts likely concentrated in trade-exposed sectors.

Analysis

A global trade war is intensifying and Germany’s largest seaport, the Port of Hamburg, is preparing for potential disruptions. Increased trade frictions and possible export controls or sanctions could raise logistical costs and delays, posing downside risk to German exporters, shipping companies and port services, with impacts likely concentrated in trade-exposed sectors.