German Carmakers Hit By U.S. Tariffs, Eye Closer China-EU Cooperation
BERLIN, Aug 11 (NNN-DPA) – Since Apr, a sharp hike in U.S. tariffs on EU-made vehicles has dealt a heavy blow to Europe’s auto industry, causing steep declines in the profits of Germany’s biggest carmakers and prompting them to seek opportunities in Asia. A recent deal between the EU and…
