Planned US car import tariffs are 'fatal signal' for global trade, says Germany's VDA
Reuters03-27
Planned US car import tariffs are 'fatal signal' for global trade, says Germany's VDAFRANKFURT, March 27 (Reuters) - Planned U.S. tariffs of 25% on imported cars and light trucks starting April are a "fatal signal" for global trade and will deal a severe blow to the auto industry, Germany's car industry association VDA said.
"The risk of a global trade conflict - with negative consequences for the global economy and growth, prosperity, jobs and consumer prices - is high on all sides," VDA President Hildegard Mueller said in a statement, calling for bilateral U.S.-EU talks to find a solution.
(Reporting by Christoph Steitz; Editing by Himani Sarkar)
((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))
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