Bloomberg Talks DHL Group CEO Tobias Meyer Talks Trump Tariffs & Global Trade
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Nov 29, 2024 Tobias Meyer, CEO of DHL Group, shares insights into the ever-shifting landscape of global trade and logistics. He dives into how Trump's tariffs might reshape supply chains and the emerging trend of friend-shoring, especially in relation to Mexico. Meyer also addresses the impact of the German elections on corporate policies and labor dynamics. Plus, he candidly discusses the challenges posed by recent safety incidents in aviation and the critical importance of aircraft availability.
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Trump's Trade Impact
- Businesses are concerned about potential tariffs under a second Trump term, particularly those with close ties to the US, like Mexico.
- There is discussion about how this might impact trade flows, especially between the US, China, and Europe across different sectors.
Friend-shoring vs. China
- While near-shoring is being considered, particularly between the US and Mexico, there's a mixed response globally.
- Some companies are moving production to Southeast Asia, while others return to China due to its robust supply chain and capacity.
Trade Uncertainty Under Trump
- The potential impact of a second Trump term on global trade is uncertain, with scenarios ranging from positive growth to significant disruption.
- Factors like US investments, European elections, and tariffs will play a crucial role in determining the outcome.