New York - Growing trade tensions and likely tariff increases by the incoming US administration may have negative implications for global trade, exacerbating the growth challenges faced by European and Middle East seaports, Fitch Ratings says. A slow recovery in demand for consumer goods is likely to continue in Europe in 2025, supporting the seaport sector.

Proposed new tariffs by President-elect Donald Trump on Chinese and European goods could exacerbate growth challenges for export-oriented economies, reducing seaport activity, particularly in northern Europe, according to our EMEA Transportation Infrastructure Outlook 2025.

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