U.S. delay of car tariffs prevents trade escalation: Germany

[Original Post] German Minister of Economy and Energy Peter Altmaier attends a news conference on the development and production of European batteries in Paris, France, May 2, 2019. REUTERS/Benoit Tessier BERLIN (Reuters) – U.S. President Donald Trump’s decision to delay tariffs on imported cars offers hope that a renewed escalation of the trade conflict with […]

-
[Original Post]

German Minister of Economy and Energy Peter Altmaier attends a news conference on the development and production of European batteries in Paris, France, May 2, 2019. REUTERS/Benoit Tessier

BERLIN (Reuters) – U.S. President Donald Trump’s decision to delay tariffs on imported cars offers hope that a renewed escalation of the trade conflict with the European Union could be prevented for now, German Economy Minister Peter Altmaier said on Friday.

“We regret that the U.S. has designated car imports as a threat to national security,” Economy Minister Peter Altmaier said, reflecting German concerns that U.S. trade policies could harm the country’s vital automotive sector.

Reporting by Riham Alkousaa, editing by Joseph Nast

Leave a Comment

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
  Subscribe  
Notify of