Trump's policies "a risk" for German car makers, Daimler CEO says

Updated: Wed, Oct 25, 2017
12:07 am
Reuters
RELATED NEWS
Mobile industry seeks GST rate cut for cell phones up to Rs 1,200 Mobile industry seeks GST rate cut for cell phones up to Rs 1,200
RBI repo rate cuts: What bank is expected to do in the remainder of FY20 RBI repo rate cuts: What bank is expected to do in the remainder of FY20

The economic and trade policies of U.S. President Donald Trump are a risk for German car makers, the chief executive of Daimler said on Tuesday.

"So far there has been no negative effect on our business," CEO Dieter Zetsche said at a conference. "But of course it is a risk."

Trump, hoping to protect U.S. car makers, has criticised the import of cars into the United States as unfair trade.

The president has also thrown the North America Free Trade Agreement with Mexico into question. Mexico plays an important role in production of German cars that are sold in the United States.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)