DHL Turns ‘Trade Is Too Big to Fail’ Into a Mantra: Supply Lines

Mike Parra, the CEO of DHL Express Europe, is watching in real time how global goods trade is shifting as the US increases tariffs.

“China-US was a big trade lane for us, and Asia-Pacific to the US was a big trade lane for us,” he said in an interview Wednesday with Bloomberg Television in London. “Now that’s shifted from China and Asia-Pacific to Europe.”

He said the 15% across-the-board import duty that the European Union negotiated with the Trump administration, and the UK’s 10% rate, are providing some stability for those economies.

America’s trade barriers still have some customers crouched ...