Trumps policies a risk for German car makers, Daimler CEO says
Trumps policies a risk for German car makers, Daimler CEO says
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.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.