US EditionUS tariffs: 'Your action only creates losers' - Automobile Industry to Trump
- US President Donald Trump is expected to announce additional tariffs on imports, adding to existing 25% tariffs on imported cars and parts.
- Simon Schütz, a spokesperson for the German Association of the Automotive Industry , warned that the tariffs will create losers and lead to price increases for US consumers.
- The VDA stated that these tariffs threaten growth, prosperity, and jobs across the Atlantic, emphasizing the importance of international cooperation.
- Trump defended the tariffs during a White House address, claiming they will protect American jobs and industries, despite concerns about retaliatory actions.
24 Articles
24 Articles
Trump's customs tsunami must not become a total damage to the car industry
In the US, the government is of the mind. Germany and the EU should respond to this with understanding and support the domestic car industry. This includes separating themselves from their own ideologies. Climate protection is doing better differently.
Trump’s 25% automobile tariffs take effect amid global backlash
Steep US tariffs on imported automobiles took effect on Thursday, April 3, escalating trade tensions with key global partners. The 25% levies on foreign-made cars and light trucks were implemented at 12:01 a.m. (0401 GMT), according to a Federal Register notice. Additional tariffs on automobile parts are expected by May 3. German Auto Industry Condemns Trump’s Tariffs The move has drawn sharp criticism from the German Automotive Industry Associa…
US tariffs: 'Your action only creates losers' - Automobile Industry to Trump
The German Automotive Industry Association, VDA, has said that the new US tariffs imposed by the US government “will only create losers” with US consumers particularly hard hit. The VDA said this in a statement on Thursday hours after President Donald Trump made an announcement of new tariffs for countries worldwide. VDA called on the European Union, EU, “to act together and with the necessary force, while continuing to signal its willingness to…
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