BERLIN (Reuters) -Germany’s VDA auto association said on Thursday that the promised trade agreement between the EU and the United States needed to be implemented now so the industry could receive some relief. Sectoral tariffs of 27.5% “remain in place and place a significant burden on German automakers and automotive suppliers, as well as on […]
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Germany’s auto association says EU-US trade deal must take effect now
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BERLIN (Reuters) -Germany’s VDA auto association said on Thursday that the promised trade agreement between the EU and the United States needed to be implemented now so the industry could receive some relief.
Sectoral tariffs of 27.5% “remain in place and place a significant burden on German automakers and automotive suppliers, as well as on transatlantic trade,” said VDA President Hildegard Mueller in a press release.
The EU Commission and German government must vigorously advocate for the U.S. to withdraw sectoral tariffs, she said.
A source familiar with the EU-U.S. negotiations had said on Wednesday that the EU will likely have to wait a few more days for an executive order by U.S. President Donald Trump.
(Writing by Miranda Murray; editing by Matthias Williams)