Trump’s fees “cause heavy losses”
The German Automobile Industry Union (DIA) has condemned the customs duties imposed by US President Donald Trump today (Wednesday), calling for the European Union to respond to the imports of its country from the whole world to “huge losses”.
The Union, which represents the German auto industry, is now demanding that the European Union is now demanding to work together and with the necessary power, while expressing its willingness to negotiate. “
The United States is a major export market for the German auto industry.
The Federation has warned that this loss is not limited to Germany, but also expands the American consumer and the American auto industry.
The announcement states that the American consumers are suffering from “high inflation and products shrinking” with this trade defense, which “reduces pressure on American companies to innovate and weaken their competitiveness.”
In his statement, Al -ETIHD warned that Trump’s customs duties refer to “great burden and challenge to the global auto industry, which would” affect employment. “
He appealed to the German Federation Brussels to end the “free and affordable global trade of” free and affordable global trade “with” free trade agreements “with the largest areas in the world.”
According to Trump’s comments, US imports from the European Union make 20 percent of customs duty.
In the case of car imports, the United States imposes customs duties at 25 %.
The auto industry is one of the pillars of the German economy, the largest industrial sector in the country.
Last year, the United States was the largest importer (13.1 percent) of German cars, though most German manufacturers had factories in the US, in which they make cars to meet American internal demand.
In addition, the Wall Street Journal yesterday hopes to impose a “import fee” on vehicles that will be included in the customs tariffs imposed by the “Volkswagen” company by Volkswagen.
The report quotes the memorandum sent to retail agents that the car goods from Railways to the German auto manufacturer from Mexico have been temporarily stopped and are held in ports cars from Europe.
Reuters analysis of customs duties included in the Federal Notification showed that Trump customs duties on cars on cars and more than $ 460 billion annually.
According to the newspaper, Volkswagen has informed its agents that it provides more details in the middle of the April on the price strategies under customs tariffs.
Reuters did not respond immediately to the Volkswagen comment.
