Car Association VDA: duties should also burden US car manufacturer

“U.S. punitive tariffs on European car imports damage, according to the German industry Association VDA also the American manufacturers. It would benefit no-one, but only “the world trade and international value chains weaknesses,” said the President of the German Association of the automotive industry (VDA), Bernhard Mattes, the Passauer Neue Presse. The U.S.-punitive tariffs would be “a significant burden, not only for the European automotive industry, but also for the U.S.,” said Matt. (…)”