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Home / World / The German Minister of Economic Affairs and the European Union suggest that the US abolish tariffs

The German Minister of Economic Affairs and the European Union suggest that the US abolish tariffs



In a trade dispute with the United States, the head of the German Ministry of Economic Affairs, Peter Altmaier (CDU), stressed that the EU was ready for the complete abolition of cars. – This is the allegation that US tariffs are lower than the European, repealed – said the Christian Democrats "Welt am Sonntag" (WamS). Altmaier has recently proposed the complete removal of industrial ceilings in the USA. As he pointed out in an interview with WamS, this would also apply to cars that would regulate the agreement – said the politician.

Read more: Trump announces ceasefire in the US-Chinese trade war. A touch of relief in the world. For the time being

The US has fears

Negotiations with the US are conducted by the EU. However, there are rumors from the negotiating circles that Americans have no interest in a zero duty at all. They fear that only then will European cars fill the domestic market. The United States President, Donald Trump, has been threatening the EU for a month, including mostly Germans, with criminal sanctions for European cars if his demands for a reduction in American cars are not met. The decision on the levies has been postponed to November and an agreement is expected to be reached by then.

Following talks with US government plenipotentiary Robert Lighthizer in mid-July in Washington, DC, he said it was possible to reach an agreement by the end of the year on partial solutions to the ongoing trade dispute. So far, the US is demanding 2.5% of import duties on EU cars when they pay 1

0% of the car for US cars

. Automotive Industry for Offer

– At the same time In order not to ensure successful US exporters, we are ready to make it easier. In many cases, they would not have to certify their products under EU law – says Altmaier. He added: "It is the job of the Europeans to limit the upper limits." The Minister of Economic Affairs emphasized that the German automotive industry "is investing enormous sums in the American market and that most of the US-exported cars are being built by German manufacturers".

The German Association of the Automotive Industry (VDA) supports these proposals. – Above all we would see the chances of not having any service on both sides of the Atlantic – said WamS boss of the VDA Bernhard Mattes. Even the FDP turns out to be satisfied, and according to Michael Theurer, chairman of the parliamentary club of this party: "It is important that action follows deeds Altmaier can not become Minister again."

This article is from the website of the Germans Wave


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