Handelsblatt exclusive

Economic Minister Huddles with Business Lobby to Talk Trump

German Economic Minister Brigitte Zypries has met with German business and industry groups to discuss the possible impact of the Trump administration’s economic policies, according to Handelsblatt sources in the economics ministry.

Planned participants in the meeting included the BDI industrial lobby, the DIHK German Chambers of Commerce, the BGA Foreign Trade Association, the VDA Mechanical Engineering Industry Association, the VDA Automotive Association, the ZVEI Electrical and Electronic Manufacturers’ Association, the VCI Chemical Industry Association, and the American Chamber of Commerce.

Details of the meeting were not immediately available.

German businesses, which are heavily dependent on exports, are concerned about U.S. President Donald Trump’s threats to impose tariffs against German cars imported across the U.S.-Mexico border and his vow to renegotiate the NAFTA trade agreement with Mexico and Canada.

Ms. Zypries recently sent a letter to newly confirmed U.S. Secretary of Commerce Wilbur Ross defending free trade. The economics minister has previously said the German government should leverage its clout with U.S. states that host German car plants to put pressure on Mr. Trump.

“We will make a trip to the United States and will also contact the states,” Ms. Zypries told Handelsblatt in early February. “The governor of South Carolina, for example, will have no interest in BMW reducing jobs there.”

 

Read more in Thursday’s paper.

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