Bilateral Customs Termination: US Ambassador Proposes Automotive Solution in Customs Dispute – Economics



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US Ambbadador Richard Grenell proposed, according to information from the "Handelsblatt", to the bosses of the German car manufacturers a solution to the tariff dispute. According to the newspaper, the Washington government is willing to drop all car rates if Europeans do, Grenell said at a meeting at the US Embbady in Berlin on Wednesday.

Grenell reportedly told Washington was responsible for seeking a solution to the trade dispute with Germany and the EU. According to the report, the managers of Daimler, BMW and VW, Dieter Zesche, Harald Krüger and Herbert Diess, as well as the bosses of the major automotive parts suppliers attended the meeting.

Leaders wanted to reaffirm the confidences of US President Donalt Trump The escalation of the trade dispute would not benefit anyone, the newspaper reported. "It's important for us to keep talking," she said. "As long as the tariffs do not exist, we are trying everything to keep it that way."

Already on June 6, there had been a conversation between Grenell and auto executives on the sidelines of a meeting of the Council of the Automobile Industry Association. ". This time, the tour with the ambbadador had been significantly smaller.

Up to now, the US president has shown no sign of reintroduction in the trade dispute with the EU. After tariffs already applied on steel and aluminum, it has threatened EU import duties on cars and auto parts by 20%. This would hit German manufacturers hard. They exported $ 20 billion worth of cars to the United States last year.

In the case of motor vehicle protection tariffs in the United States, the EU has again been confronted with mbadive countermeasures. These could touch US products worth $ 294 billion (253 billion euros), warned the European Commission on Monday. That would represent 19% of all US exports in 2017. (AFP,

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