FRANKFURT -- Germany’s auto industry lobby urged Europe and the U.S. to reconcile on trade after enduring four years of hounding by U.S. President Donald Trump.
The industry is calling for talks between the U.S. and European Union to reverse protectionist tendencies, align technical standards and minimize trade barriers, Hildegard Mueller, president of industry lobby group VDA, said in a webcast hosted by Frankfurt business media club ICFW.
The VDA supports both sides abolishing tariffs entirely and acknowledges that “Europe must make its contribution as well,” Mueller said days after former Vice President Joe Biden defeated Trump in an election still being challenged by the U.S. president.
This week, the EU started imposing tariffs on $4 billion of U.S. goods in a tit-for-tat escalation of a fight over illegal aid to aircraft manufacturers Boeing and Airbus.
Germany’s auto imports have routinely come under fire during Trump’s presidency, though he has not followed through on threats to target them with tariffs. Volkswagen Group, BMW and Daimler pacified the White House with pledges to boost investment at their U.S. factories and made the case that levies would hurt their networks of American car dealers.
Mueller, a former lawmaker and utilities lobbyist, called separately for an “action plan” to safeguard Germany’s industrial competitiveness. She said the country is falling behind due to high energy and labor costs and its complex bureaucracy and said Europe is not building electric-car charging stations quickly enough.
