The Austrian car supply industry insists on the consequences of the consequences of the new American customs policy under President Donald Trump. The Industrial Representatives of the Aostenrijk (WKö) Chamber of Commerce (WKö) call for a determined but well -converted European response to the protectionist measures from Washington.
“According to Germany, the United States is the most important export market,” said Hansjörg Tutner of the WKö vehicle industry in a broadcast. Moreover, many Austro delivery products are processed in Germany and then sent to the US.
Question: “Show strength”
“Given the extra American rates, it will be necessary to show negotiations to the US government,” Tutner demanded a certain EU to Trump. “With all this, the umbrella goal should be the abolition of mutual rates,” should be the wish that is not for the time being not to be available in view of the previous procedure of the American head of the Republican Party.
Damage to economy and American consumers
The representative of the industry explained that collecting sales tax concerns all vehicles, regardless of the country of origin. This can “not be an argument for American rates”. Similarly, rates not only affected manufacturers and suppliers outside the US, but also strong on American consumers.
“Moreover, they endanger hundreds of thousands of jobs because various European car manufacturers operate large works in the United States and partially export their products to Europe,” believes Tutner, who finds a common appearance of the EU with countries such as Communist China, South Korea, Mexico, Great Britain and Japan.
Source: Krone

I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.