Germany's Engineering Sector Warns on Tariffs, Calls for EU Unity on Greenland -- Market Talk

Dow Jones01-19

0743 GMT - Germany's engineering and machinery industry would suffer significantly from new U.S. tariffs, industry group VDMA says, while calling on the EU to stand up to the U.S. on Greenland. "The European mechanical and plant engineering industry is already disproportionately affected by U.S. punitive tariffs because a large number of products are subject to special tariffs of 50% on steel and aluminum," VDMA President Bertram Kawlath says. VDMA, which represents more than 3,000 mostly medium-sized companies in Germany, urges the EU to examine countermeasures and calls for deeper economic and security integration. "If the EU gives in here, it will only encourage the U.S. president to make the next ludicrous demand and threaten further tariffs," Kawlath says. (sarah.sloat@wsj.com)

(END) Dow Jones Newswires

January 19, 2026 02:43 ET (07:43 GMT)

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