German Auto Industry Calls For Trade De-escalation

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The German automotive industry, including members Audi, BMW, Mercedes, and Volkswagen, warned that new tariffs will worsen the current sector situation. Economic expert Ratzschaf stated that the European Commission must not be blackmailed and should provide opposition to Trump. The economist stated that the Commission should not allow itself to be blackmailed and must provide opposition to Trump's policies. This follows US President Trump's announcement to raise tariffs on EU cars and trucks to 25 percent starting next week. The President of the German Foreign Trade Association, Jandura, stated the move undermines transatlantic trust. The warning comes amid ongoing economic discussions in Berlin. No specific figures for the cost increases were provided by the source. The report comes as the sector navigates shifting trade and regulatory landscapes. The German automotive industry is calling on the United States and the European Union to de-escalate trade tensions. This follows a proposed 25% tariff on vehicles imported from the European Union. Industry representatives stated that these tariffs would result in very high costs for German manufacturers already facing difficult conditions. Economists suggest that American taxpayers may also be negatively impacted by these measures.

Topics

automotive industry tariffs trade negotiations

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Sources · 7 independent

Radio Renascença

“a sessão alemã da indústria automóvel, que tenha, como membros, a Audi, BMW, Mercedes e a Volkswagen, perver que as novas tarifas dificultem ainda mais a situação atual no setor, apelando por isso a negociações urgentes entre a União Europeia e a Washington.”

SWR Aktuell

“Der Präsident des Deutschen Außenhandelsverbandes Jan Dora sieht die Ankündigung als erhebliche Belastung der transatlantischen Beziehungen. Er sagte der Nachrichtenagentur Reuters, das untergrabe das Vertrauen.”

SWR Aktuell

“Die deutsche Wirtschaft kritisiert die von US-Präsident Trump angekündigte Zollerhöhung für Autos und Lastwagen aus der EU. Laut Trump sollen die Zölle ab der kommenden Woche auf 25 Prozent angehoben werden.”

Inforadio RBB