President Claudia Sheinbaum warned that the proposed 25% import tariffs on all goods entering the U.S. would result in mutually assured economic destruction for both countries.
The bulk carrier, Yi Peng 3, is currently anchored just outside of Denmark’s territorial waters, with vessels from Sweden, Denmark and Germany monitoring it.
The German steel industry already faces pressure from Asian competitors and high energy prices, but the outlook is worsened by threatened tariffs imported into the U.S. by President-elect Donald.