great VDMA US China trade image generic

VDMA urges de-escalation as US tariffs take effect on Chinese goods

Frankfurt am Main, Germany – German rubber & plastics machinery manufacturers trade association, the VDMA has denounced a trade war between the US and the European Union.

Despite all efforts to defuse the conflict, US president Trump’s threat to impose a punitive tariff of 20% on cars from Europe remains unresolved, VDMA noted in a 5 July statement.

“This and the countermeasures announced by the EU would mean significant cuts in bilateral trade. We’ll get down to the nitty-gritty,” warned VDMA executive director Thilo Brodtmann.

The VDMA called…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with