The German Car Association (VDA) condemned President Trump's proposed tariffs, describing them as a "provocation" that could raise prices for US consumers and hurt the American economy. The automotive industry is crucial for Germany, representing 17% of its exports in 2023. VDA president, Hildegard Muller, emphasized the importance of US-German trade relations, particularly with German manufacturers producing over 900,000 vehicles in the US. The association warns that tariffs could jeopardize these benefits and employment for around 138,000 workers in the US automotive sector.
Further tariffs would directly hit the American economy and make products for US consumers more expensive. A 25% tariff is a provocation.
The USA as an automotive location benefits from international trade and the commitment of the German automotive industry.
Collection
[
|
...
]