Economy

European Automotive Industry Calls for Immediate Response to US Tariff Challenges

European Auto Leaders Meet with EC President Over US Tariffs

In a crucial meeting on Tuesday, key figures from the European automotive sector convened with European Commission President Ursula von der Leyen to voice their apprehensions regarding the recent US tariffs.

Concerns Over Global Trade and Supply Chains

The discussions, as detailed by the European Commission, centered on the detrimental effects these tariffs could have on international commerce. A significant point of concern was the unpredictability they introduce to the well-established, integrated supply networks that the industry relies upon.

Urgent Call for Policy Implementation

Participants strongly advocated for the swift enactment of the competitiveness agenda, with a special focus on expediting the initiatives proposed in the Automotive Action Plan, to mitigate the tariffs' impact.