Europe Faces ‘Difficult Decade’ Against US, China, Port CEO Says
- Chemical sector in ‘dangerous situation,’ he tells Bloomberg
- Influx of Chinese EVs is slowing amid tight port capacity
The Port of Antwerp-Bruges in Antwerp, Belgium.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
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Europe’s car and chemical makers are at risk of losing competitiveness to China and the US as both industries face persistently high energy costs during the transition to cleaner fuels, according to the head of one of the continent’s leading ports.