Business Insights
  • Home
  • Crypto
  • Finance Expert
  • Business
  • Invest News
  • Investing
  • Trading
  • Forex
  • Videos
  • Economy
  • Tech
  • Contact

Archives

  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • August 2023
  • January 2023
  • December 2021
  • July 2021
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019

Categories

  • Business
  • Crypto
  • Economy
  • Finance Expert
  • Forex
  • Invest News
  • Investing
  • Tech
  • Trading
  • Uncategorized
  • Videos
Apply Loan
Money Visa
Advertise Us
Money Visa
  • Home
  • Crypto
  • Finance Expert
  • Business
  • Invest News
  • Investing
  • Trading
  • Forex
  • Videos
  • Economy
  • Tech
  • Contact
Thousands of vehicles sit idle at EU port as Trump’s tariffs leave their mark | Automotive industry
  • Business

Thousands of vehicles sit idle at EU port as Trump’s tariffs leave their mark | Automotive industry

  • July 15, 2025
  • Roubens Andy King
Total
0
Shares
0
0
0
Total
0
Shares
Share 0
Tweet 0
Pin it 0

The Port of Antwerp-Bruges has been turned into a giant car park with thousands of cars, vans, trucks and tractors bound for the US sitting idle as manufacturers try to avert the worst of Donald Trump’s tariffs.

Figures released by the port show a 15.9% drop in the transport of new passenger cars and vans to the US in the first six months of 2025 compared with the same period last year, with a sharp decline emerging in May – one month after the US president announced his “liberation day” tariffs.

Exports of trucks and what they call “high and heavy equipment” is down by almost a third at 31.5%.

This category includes tractors and construction vehicles, with the fall off in transatlantic movements perhaps reflecting the impact a 25% tariff would have on vehicles that can cost more than $100,000 (£74,430).

The port is one of the world’s largest car transport hubs, shipping more than 3m vehicles around the world in 2024.

“The outlook for the second half of the year remains uncertain. Much will depend on whether a trade agreement between the EU and the US can be reached by 1 August,” the port said in a statement.

European carmakers from Volkswagen to Volvo had been hoping that a deal would have been sealed last week after Trump’s original deadline for a tariff deal with the EU was due to expire.

Before Trump arrived in the White House they paid a 2.5% tariff on exports but since April they are being charged an extra 25%, adding tens of thousands of dollars to the price of a family-sized car in the US.

Ports across Europe have been tested by Brexit, the coronavirus pandemic, the port congestion caused by container shortages in 2024, with congestion a widespread issue across all northern ports, said Justin Atkin, the UK and Ireland port representative of the Port of Antwerp-Bruges.

Compared with Brexit, the tariff impact has been “more of an instant shock” he said.

“With the pandemic, we had lockdown, then we were out of lockdown, then back into lockdown, and people got used to managing it after being unprepared. Whereas here … people have talked about tariffs in the build up [to Trump] but I don’t think anyone expected the level and the severity of the instantaneous action.”

The port couldn’t put a figure on the number of cars waiting to be transported but said it was in the thousands.

skip past newsletter promotion

Sign up to Business Today

Get set for the working day – we'll point you to all the business news and analysis you need every morning

Privacy Notice: Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Privacy Policy. We use Google reCaptcha to protect our website and the Google Privacy Policy and Terms of Service apply.

after newsletter promotion

Atkin said there was also evidence of Chinese cars being stockpiled at the port, which may reflect a diversion of trade from the US with Beijing grappling with tariff barriers.

Separately, disruption to docking schedules caused by diversions due
to the conflict in the Red Sea, plus the increased size of ships in
global fleets, has meant containers are remaining at the port for up to
eight days instead of the usual five.

The US is the Port of Antwerp-Bruges’s second-biggest trading partner after the UK and there is evidence that US exporters are also front-loading cargo to try to avoid any retaliatory tariffs that the EU may impose in the event of a trade war.

In the first half of the year, inbound cargo from the US increased by 17% with higher volumes of liquefied natural gas.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Roubens Andy King

Previous Article
American Express Announces New Centurion Lounge Opening at Tokyo’s Haneda Airport
  • Invest News

American Express Announces New Centurion Lounge Opening at Tokyo’s Haneda Airport

  • July 15, 2025
  • Roubens Andy King
Read More
Next Article
Analyst Report: Seagate Tech Hldgs Pl
  • Finance Expert

Analyst Report: Seagate Tech Hldgs Pl

  • July 15, 2025
  • Roubens Andy King
Read More
You May Also Like
Walmart+ adds Peacock to streaming offerings to better compete with Amazon Prime
Read More
  • Business

Walmart+ adds Peacock to streaming offerings to better compete with Amazon Prime

  • Roubens Andy King
  • September 3, 2025
Weak pound and yen shore up dollar, bonds and payrolls in focus
Read More
  • Business

Weak pound and yen shore up dollar, bonds and payrolls in focus

  • Roubens Andy King
  • September 3, 2025
Salesforce CEO Marc Benioff says he cut 4,000 support roles because of AI
Read More
  • Business

Salesforce CEO Marc Benioff says he cut 4,000 support roles because of AI

  • Roubens Andy King
  • September 2, 2025
Let’s Break Down What You Need to Be Watching This Week
Read More
  • Business

Let’s Break Down What You Need to Be Watching This Week

  • Roubens Andy King
  • September 2, 2025
Google won’t be forced to sell its Chrome browser, judge rules
Read More
  • Business

Google won’t be forced to sell its Chrome browser, judge rules

  • Roubens Andy King
  • September 2, 2025
Gold price hits record high as investors seek safe haven | Gold
Read More
  • Business

Gold price hits record high as investors seek safe haven | Gold

  • Roubens Andy King
  • September 2, 2025
How Is Chevron’s Stock Performance Compared to Other Oil & Gas Exploration & Production Stocks?
Read More
  • Business

How Is Chevron’s Stock Performance Compared to Other Oil & Gas Exploration & Production Stocks?

  • Roubens Andy King
  • September 2, 2025
Bunker Hill tower One California Plaza goes into receivership
Read More
  • Business

Bunker Hill tower One California Plaza goes into receivership

  • Roubens Andy King
  • September 2, 2025

Recent Posts

  • Should You Invest In Pakistan Stock Market #pakistan #stockmarketindia #shorts
  • The Rich Are Action Addicts
  • the Easiest Business Idea Ever💵💵💵 #golfball #golf #business #ideas
  • W2 What’s Really Holding You Back From Building Wealth | Rebel Finance School 2025
  • Best opportunity for lumpsum investment in mutual funds || lumpsum investment
Featured Posts
  • Should You Invest In Pakistan Stock Market #pakistan #stockmarketindia #shorts 1
    Should You Invest In Pakistan Stock Market #pakistan #stockmarketindia #shorts
    • November 10, 2025
  • The Rich Are Action Addicts 2
    The Rich Are Action Addicts
    • November 9, 2025
  • the Easiest Business Idea Ever💵💵💵 #golfball #golf #business #ideas 3
    the Easiest Business Idea Ever💵💵💵 #golfball #golf #business #ideas
    • November 9, 2025
  • W2 What’s Really Holding You Back From Building Wealth | Rebel Finance School 2025 4
    W2 What’s Really Holding You Back From Building Wealth | Rebel Finance School 2025
    • November 8, 2025
  • Best opportunity for lumpsum investment in mutual funds || lumpsum investment 5
    Best opportunity for lumpsum investment in mutual funds || lumpsum investment
    • November 7, 2025
Recent Posts
  • Never Pay Over 2 Lakhs Cash? #finance #money #business #gkhindi #gkindia #basicgyaan
    Never Pay Over 2 Lakhs Cash? #finance #money #business #gkhindi #gkindia #basicgyaan
    • November 6, 2025
  • Federal Reserve Board – Federal Reserve Board issues enforcement actions with Belt Valley Bank and The Halstead Bank
    Federal Reserve Board – Federal Reserve Board issues enforcement actions with Belt Valley Bank and The Halstead Bank
    • November 6, 2025
  • Federal Reserve Board – Federal Reserve Board finalizes changes to its supervisory rating framework for large bank holding companies
    Federal Reserve Board – Federal Reserve Board finalizes changes to its supervisory rating framework for large bank holding companies
    • November 5, 2025
Categories
  • Business (2,057)
  • Crypto (2,023)
  • Economy (152)
  • Finance Expert (1,687)
  • Forex (2,016)
  • Invest News (2,391)
  • Investing (2,040)
  • Tech (2,056)
  • Trading (2,024)
  • Uncategorized (2)
  • Videos (876)

Subscribe

Subscribe now to our newsletter

Money Visa
  • Privacy Policy
  • DMCA
  • Terms of Use
Money & Invest Advices

Input your search keywords and press Enter.