The German Car Association (VDA) Hailed on Wednesday Automotive Trade Between the Us and Germany, Warning It Could Be Impacted IF Us President Donald Trump Imposes Taiffs On The Country Or The Automotive Industry.
Trump has truly Begun 2nd Term with a Wide Variety of Tariffs Imposed on Various Countries, Vowing Tointroduce More the European Union and Its Largest Economy Are Bracing for Impact.
The Automotive Industry is a Cornerstone Ofgermany’s Economy in 2023, The Sector Made Up 17% of Germany’s Total Exports, Making It The Product Group With the Largest Export Share, According to Figures from the Germany Trade and Invest (GTAI) Office.
What did the VDA Say?
In a statement
“Further Tatifs would direct the American Economy and Make Products for Us Consumers Epensive,” Müller Said, Adding That “A Tariff of 25%, Currently Mooted by Presited Trump, is a provocation.”
The Association Provided Some Essential Stats on the German Automotive Industry within the United States.
It Said that in 2023, German Manufacturer Produced More Vehicles within the United States Than In The Past, Over 900,000, which Around Half of Them Were Exported All Over The World.
“The USA as an automotive location Therefore So Benefits from International Trade and the Commitment of the German Automotive Industry,” Müller Said.
The group so together with the German Automotive Industry Employment 138,000 people within the United States.
The VDA So Challenged Trump’s Criticism of the European Sales Tax, Arguing that “The Import Sales Tax that Has To Be Paid At The Border On Import is Exactly the Same as The Sales Tax That Has To Be Paid on a Domestic Purchase.”
“Tatifs are the wrong negotiating tool,” MüllerSaid “The Risk of a Global Trade Conflict with Negative Effects on the World Economy is high.”
The Association Urged the EU to Enter Dialogue with the Us Over The Issue of Potential Taturi.
Edited by: Sean M. Sinico
