German Auto Lobby Wants Biden to Eliminate U.S. Trade Restrictions


Germany is eager to see the United States abolish trade barriers implemented by President Donald Trump now that it looks like Joe Biden has won the 2020 election. While that could all be undone by the sudden influx of legal actions taken by the Trump campaign as presumptive evidence of election impropriety streams in, Germany would still like to get the ball rolling on trade with the Democrats.
The nation’s automotive industry is petitioning leadership in the U.S. and European Union to align technical/regulatory standards and minimize the existing trade barriers. The German Association of the Automotive Industry (Verband der Automobilindustrie) or VDA has already endorsed the proposal with the lobby group’s president confirming its position in a recent webcast hosted by the Frankfurt business media club ICFW (Internationale Club Frankfurter Wirtschaftsjournalisten).
According to Bloomberg, Müller also hinted that Europe would likely need to make changes in order to give the U.S. a fair shake — though it was unclear what that would entail beyond nixing the aforementioned tariffs.
Trump has been extremely critical of Europe — and Germany in particular — for failing to push back against Chinese trade rules he claimed were broadly unfair to the West. He has also been harsh on German imports suggesting he might begin issuing automotive tariffs if economic parity wasn’t achieved in Europe. In response, German automakers promised increased investments into facilities based in the United States. Meanwhile, Germany itself is confronting serious difficulties due to the nation’s extremely high energy and labor costs. VDA said this issue was made worse by German bureaucracy and oversight from the regulation heavy European Commission.
Latest Car Reviews
Read moreLatest Product Reviews
Read moreRecent Comments
- JLGOLDEN In order for this total newcomer to grab and hold attention in the US market, the products MUST be an exceptional value. Not many people will pay name-brand money for the pretty mystery. I can appreciate the ambition of selling $50K+ crossovers, but I think they will go farther with their $30K-$40K offerings.
- Dukeisduke They're where Tesla was when it started - a complete unknown. I haven't heard anything about a dealer network. How are they going to sell these? Direct like Tesla? Franchises picked up by existing new car dealers?
- Master Baiter As I approach retirement, and watch my IRA and 401K account balances dwindle, I have less and less interest in $150K vehicles.
- Azfelix With a name that sounds like a bad Google translation, problems appear to permeate every aspect of the company. I suggest a more aggressive advertising campaign during The Super Terrific Happy Hour show to turn things around.
- Buickman GoneFast.
Comments
Join the conversation
Well it looks like if slow Joe becomes President we go back to being the world's bitches
Trump would've told them to eat a der weiner.