German car lobby seeks unity with US after Donald Trump's bashing1 min read . Updated: 10 Nov 2020, 06:25 PM IST
Germany’s auto imports have routinely come under fire during Donald Trump’s presidency.
- Volkswagen AG, BMW AG and Daimler AG pacified the White House with pledges to boost investment at their US factories and made the case that levies would hurt their networks of American car dealers.
Germany’s auto-industry lobby urged Europe and the US to reconcile on trade after enduring four years of hounding by US President Donald Trump.
The industry is calling for talks between the US and European Union to reverse protectionist tendencies, align technical standards and minimize trade barriers, Hildegard Mueller, president of industry lobby group VDA, said in a webcast hosted by Frankfurt business media club ICFW.
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The VDA supports both sides abolishing tariffs entirely and acknowledges that “Europe must make its contribution as well," Mueller said days after former Vice President Joe Biden defeated Trump. This week, the EU started imposing tariffs on $4 billion of US goods in a tit-for-tat escalation of a fight over illegal aid to aircraft manufacturers Boeing Co. and Airbus SE.
Germany’s auto imports have routinely come under fire during Trump’s presidency, though he hasn’t followed through on threats to target them with tariffs. Volkswagen AG, BMW AG and Daimler AG pacified the White House with pledges to boost investment at their US factories and made the case that levies would hurt their networks of American car dealers.
Mueller, a former lawmaker and utilities lobbyist, called separately for an “action plan" to safeguard Germany’s industrial competitiveness. She said the country is falling behind due to high energy and labor costs and its complex bureaucracy and said Europe isn’t building electric-car charging stations quickly enough.
This story has been published from a wire agency feed without modifications to the text.