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German Official Asserts US Tariff Policy Undermines Global Industrial Chain Stability
4 day ago /
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Author：小编
The tariff policy of the United States is adversely affecting the stability of the global industrial chain. Aiwanger, Deputy Governor of Bavaria in Germany, has emphasized that tariffs should not be employed as a means to compensate for competitive deficiencies. As a significant hub for automobile manufacturing, Bavaria has experienced hindrances in its automobile exports to the United States. Despite the recent agreement between the United States and Europe to lower tariffs to 15%, the German automobile industry will continue to incur annual losses amounting to billions of euros.
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