Germany’s VDA Urges Swift Talks After Trump’s EU Auto Tariff Hike
Impact and Response to U.S. Tariff Increase on EU Cars
Background of the Tariff Hike
BERLIN, May 1 (Reuters) - The president of Germany's VDA auto association urged the U.S. and European Union to engage in swift talks and honour their existing trade agreement after President Donald Trump announced a tariff hike cars from the EU on Friday.
Statements from VDA President Hildegard Mueller
Economic Impact of Additional Tariffs
VDA President Hildegard Mueller said the cost of additional tariffs would be enormous and would likely impact consumers in the United States as well.
Potential Consequences for U.S. Consumers
Reporting and Attribution
(Reporting by Rachel More; writing by Matthias Williams)
