German sectoral associations warned the US on customs duties

July 23, 2018 8:54 amComments Off on German sectoral associations warned the US on customs dutiesViews: 24

German sectoral associationsGerman industry associations have warned that the duties Washington has imposed or threatens to impose will harm America itself. The statement was made before the meeting of the European Commission President Jean-Claude Juncker with the US President Donald Trump.

Referring to national security concerns, Washington introduced on June 1st customs duties on steel and aluminum imported from the EU, Canada and Mexico. Trump now threatens to impose duties on cars and car parts imported from the EU. Jean-Claude Juncker will discuss the Trump deal at a meeting on Wednesday.

“The customs duties under the reason of national security concerns have to be lifted”, said the head of German Industrial Association (BDI), Dieter Kempf. “Juncker has to tell Trump that the US will affect itself with the duties on cars and car part”, added he. The German automotive sector employs over 118,000 people in the US and 60% of what they produce is exported. Europe must not be extorted and must look confident in the United States, according to Dieter Kempf.

The German Foreign Minister Peter Altmaier told that he hoped that a solution acceptable to both sides could be found. “For us, that means protecting the open markets and low tariffs”, explained he. Peter Altmaier added that the US’s ability to impose import duties on cars is very serious and stressed that the reduction of tariffs in the world over the last 40 years and the opening of markets has brought many benefits to citizens.

The EU officials are trying to lower expectations for the results of Juncker’s talks with Trump and reject the assumption that the EC President may go to Washington with a new plan to improve relations.

The president of the German Association of German Chambers of Commerce and Industry (DIHK) Eric Schweitzer told that the German economy has for decades relied on open markets and a sustainable global trading system, but in his words, German companies every day feel that the transatlantic rift is getting bigger.

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