Juncker visit to the USA
Start a trend reversal in the trade conflict
Chemical industry is hoping for signs of relaxation ++ Negotiations instead of trade war.
VCI director-general Utz Tillmann hopes that tomorrow’s visit of EU Commission President Juncker to US President Trump will ease the trade conflict. Tillmann: “The global economy stands at the beginning of a difficult phase. A further escalation in the tense EU-US relations cannot be in the interest of the economies on both sides of the Atlantic. The Presidents should use this chance to find a guiding thread for talks to end the trade conflict.”
Tillmann emphasizes: “The German chemical industry wants fewer trade barriers instead of new tariffs. Both sides should explore a possible framework for free trade talks that reconcile the interests of the European Union and the United States alike.”
The VCI director-general also takes the opportunity of the Juncker visit to highlight the importance of a single EU trade policy: “Commission President Juncker can meet US President Trump at eye level only if Europe has a common trade policy position and speaks with one voice.”
The VCI represents the politico-economic interests of around 1,700 German chemical companies and German subsidiaries of foreign businesses. For this purpose, the VCI is in contact with politicians, public authorities, other industries, science and media.The VCI stands for over 90 percent of the chemical industry in Germany. In 2017 the German chemical industry realised sales of more than 195 billion euros and employed around 453,000 staff.