The recent tariff agreement between the European Union and the United States has left German car manufacturers in the dark, an industry association said on Thursday, reported dpa.
"The deal between the EU and the US has not yet brought any clarity or improvement for the German automotive industry," said Hildegard Müller, president of the German Association of the Automotive Industry (VDA).
The deal struck at the end of July foresees a baseline 15% tariff on most imports of EU products to the US. However, a customs duty of 27.5% will continue to apply to passenger cars and car parts.
This places a considerable burden on German carmakers and suppliers, Müller said.
On Tuesday, an official from the European Commission said he expected the automotive tariffs to be adjusted very soon.
"It is important that the promised agreement is now reached and that the relief measures are implemented promptly," Müller said, calling on the European Commission and the German government to work hard towards this goal.
The EU had initially assumed that the new 15% tariff rate would come into force on August 1 and also apply to cars and car parts. However, this was not included in an implementing regulation signed by US President Donald Trump last week.
Source: www.dailyfinland.fi
