( May 4, 2026, 10:16 GMT | Official Statement) -- MLex Summary: US President Donald Trump's latest announcement to raise the tariff rate on European cars from 15 to 25 percent poses yet another massive threat to transatlantic economic relations, and it goes beyond the automobile industry, Germany's industry body BDI said Monday. The organization said the trade agreement between the partners must be upheld by both sides, Wolfgang Niedermark, member of the BDI’s Executive Board, said, calling also on the EU to implement its part of the accord swiftly and decisively.Statement follows (in German). ...
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