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Investing.com -- Germany’s VDA auto association called on Thursday for the immediate implementation of the promised trade agreement between the European Union and the United States to provide relief to the automotive industry.
VDA President Hildegard Mueller stated in a press release that sectoral tariffs of 27.5% "remain in place and place a significant burden on German automakers and automotive suppliers, as well as on transatlantic trade."
Mueller urged the EU Commission and German government to advocate strongly for the United States to withdraw these sectoral tariffs.
According to a Reuters report, the European Union will likely need to wait several more days for an executive order from U.S. President Donald Trump regarding the trade agreement.
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