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…