By Ulrike Dauer and Helena Smolak

Trump's new import tariffs will likely lead to lower trade volumes with the U.S. and new supply-chain structures worldwide, according to DHL's Chief Executive Officer Tobias Meyer.

The Bonn-based logistics group is prepared but the volume impact on the company is currently unclear depending on the decision of customers, Meyer said at the DHL Group's capital markets day in London.

The group itself is "significantly less exposed to U.S. trade than to the rest of the world," he said. Brexit initially led to lower sales due to lower volumes, which was then largely compensated for by additional revenue in connection with customs services, Meyer said.

Trade is complex and tends to adapt, the CEO said. Back in September, DHL selected 20 countries that are likely to benefit particularly from the changing global supply-chain structures--also in the wake of U.S. import tariffs--to invest in significantly. The first were India, Malaysia and Mexico, Meyer said.

On average, DHL wants to increase its revenue contribution from these 20 countries by more than 7% a year by 2030. They contributed to around 20% to the group's revenue in 2024, with an increase in revenue of 6.9% compared with 2023, according to the company.

Write to Ulrike Dauer at ulrike.dauer@wsj.com and Helena Smolak at helena.smolak@wsj.com

(END) Dow Jones Newswires

April 03, 2025 06:37 ET (10:37 GMT)

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