When Nicola Leibinger-Kammüller wants to move materials from one part of her company to another, she has to pay customs fees.
Her company, Trumpf, which makes machine tools, lasers and electronics, often ships items from Germany to her subsidiary in the United States and vice-versa, and the transfers are subject to tariffs.
Trumpf, which is based in the southwestern town of Ditzingen in Baden-Württemberg, has 11,000 employees globally and last year generated revenue of €2.72 billion, or $3.1 billion.
Ms. Leibinger-Kammüller, who took over the management of her family’s business in 2003, says she pays €7 million annually to U.S. tax authorities for shipments to and from the company’s U.S. subsidiary.
That is why she is one of the many German business owners who hope that progress can be made in the next round of negotiations over the Trans-Atlantic Trade and Investment Partnership, or TTIP, between the United States and the European Union, which take place later this month.
“TTIP is very important for us,” Ms. Leibinger-Kammüller told Handelsblatt Global Edition. “It is not the one – but one of many trade agreements with the United States that we should support and that many small and medium-sized businesses in Germany will benefit from.”