German Business Groups Criticize New U.S. Tariffs for Increasing Trade Uncertainty

According to Jin10, on July 24 local time, the German Chamber of Commerce and Industry and the German Wholesale and Foreign Trade Association each issued statements on the latest U.S. tariff measures, criticizing frequent changes in U.S. tariff policy for increasing uncertainty for business operations and investment. Volker Treier, head of foreign trade at the German Chamber of Commerce and Industry, said the United States is trying to restore tariff measures previously blocked by courts through a new legal basis, and that the changing policy is increasing companies' administrative burden and legal risks, making it difficult to form a stable and predictable business environment. He said the U.S. tariff measures that violate World Trade Organization rules should be fully removed, especially the additional tariffs still being imposed on steel and aluminum products.