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…

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