As President Donald Trump and his administration double down on tariffs, Germany’s Chancellor Angela Merkel said she’s ready to support lower tariffs in the European Union on U.S. car imports.
Reuters reported on Thursday that the measure is meant to decrease tensions as the Trump administration threatens a new round of tariffs European cars. German automakers, particularly BMW, has threatened to slash U.S. jobs and move production out of the country if such tariffs are imposed.
Merkel said if the EU were to enact lower tariffs for the U.S., the rule would sit for all countries to conform with the World Trade Organization regulations.
“I would be ready to support negotiations on reducing tariffs but we would not be able to do this only with the U.S.,” she said.
General Motors recently delivered a stern warning to the Trump administration and warned of a “smaller” GM if new tariffs are enacted. The U.S. automaker noted the global supply chain, and rising prices would lead to fewer funds for U.S. investments and the potential for smaller workforces in the country.