German, Japanese industry officials warn against Section 232 auto tariffs

摘要

Representatives of German and Japanese automakers warned on Tuesday that U.S. Section 232 tariffs on autos and parts would threaten the industry at a time when it is experiencing profound change. "Companies in our industry are so deeply intertwined that our fate is a common fate," Bernhard Mattes, president of the German Association of the Automotive Industry (VDA), said at an event hosted by the Representative of German Industry and Trade. "Manufacturers heavily rely on open markets due to our integrated and interdependent supply chains. We can either grow together or fall together."