Tensions continue to run high in the german car industry with the u. S. Government this week repeating threats to impose high import tariffs on cars and component germanys car Makers Association was quick to underline the importance of its members for the u. S. Economy. German manufacturers and suppliers operate over three hundred plants theyre creating over one hundred thousand jobs in production alone. German chancellor Angela Merkel warns that the tariffs not only threaten Global Growth prospects but also contravene World Trade Organization procedures. The e. U. Should call a spade a spade namely that we think it is incompatible with w t o rules we dont want these tariffs we believe that we harm each other not only that we are harmed in the European Union but that this can have much wider implications for the e. U. Commission president john claude younger travels to washington for talks on trade next week if a solution can be found the e. U. Says it will consider further counter mea
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