On the 29th local time, the German Machinery and Equipment Manufacturers Federation issued a statement saying that the trade agreement reached between the EU and the United States is "worthless" to the German and European machinery manufacturing industries. Once the United States includes more products from Germany and the European Union within the scope of applicable steel and aluminum tariffs, it will seriously affect the export of machinery products from Germany and the European Union.

The German Federation of Mechanical Equipment Manufacturers said in a statement that the so-called tariff agreement between the EU and the United States poses a huge potential risk for the German and European mechanical industry as the United States plans to include more products in the scope of steel and aluminum tariffs.In December this year, the United States is expected to impose 50% tariffs on about 200 machinery products, with punitive tariffs of up to 200% in the worst case.In August this year, the United States has expanded the scope of steel and aluminum tariffs on EU machinery products, which has affected about 40% of Germany and the EU's total machinery exports to the United States.

German Federation of Machinery and Equipment Manufacturing Chairman Kavlat said on December 29 that if the U.S. expands the scope of the tariffs in December,Germany is expected to be 56%.and right.U.S. machinery exports affectedThis will affect almost all areas of the machinery industry. Imposing import tariffs on European machinery products does not promote the U.S. government's goals of protecting national security and revitalizing U.S. industry, but undermines those goals. Because European-made machinery plays a vital role in U.S. production, especially in areas critical to national security such as weapons systems, semiconductors and aerospace. Kavrat said that although the European and American tariff agreement has been implemented, the EU must not relax its vigilance. The German Machinery and Equipment Manufacturers Federation called for a renegotiation of the tariff agreement between Europe and the United States because it cannot bring predictability to the machinery manufacturing industry. and stability.

Head of Journalism:The German Machinery and Equipment Manufacturing Federation said that German exports of machinery products have been decreasing since the beginning of this year, of which exports to the United States have been severely affected by tariff policies. The association pointed out that the U.S. tariff policy will not only affect trade between the United States and Europe, but may also weaken the stability of global manufacturing supply chains.

(Headquarters reporter He Junqiang Zhang Yunfan)