Germany has expressed hope for negotiations between the EU and the United States regarding newly announced auto tariffs by the US administration. With 25% duties on foreign-made cars and parts set to take effect soon, Germany, as the biggest economy in the eurozone and a prominent car manufacturer, acknowledges the potential for retaliation from the EU. German officials stress the importance of reaching an agreement to avoid a trade war, pointing out the detrimental effects of trade disputes. They remain open to countermeasures if talks falter, particularly concerning the impact on German automakers.
Germany hopes for an agreement with the US on auto tariffs but warns of retaliation, emphasizing that 'nothing is off the table' in trade disputes.
The EU is engaged in intensive dialogue with the US to avoid a trade war over auto tariffs, but is prepared to impose countermeasures if necessary.
Trade disputes have no winners, and Germany emphasizes the need for resolution as EU officials engage in talks with the Trump administration.
German carmakers, already facing challenges in the Chinese market, are poised to suffer immense impacts from US duties on foreign-made vehicles.
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