Mercedes: The delay in the drawing agreement between Europe and America is harmful to car manufacturers

Marcus Chevir, main technology in the “Mercedes-Benz” group, has called on the United States and the European Union to accelerate the implementation of a trade agreement aimed at reducing customs duties on cars, suggesting that the current fees are printing on manufacturers. “The situation has a serious impact and we hope that the two parties will reach a solution in the coming weeks. It is very necessary,” says Chevir, who also oversees the company’s purchases. Europe and America’s commercial agreement, although Washington and Brussels have recently reached a broader trade agreement, the US fees on cars are still in place. European automotive industries still have 27.5% fees on cars exported to the United States, by the percentage drop to 15% after the European Union lowered the fees imposed on US industrial goods. Bloomberg said this week that the European Union intends to accelerate the approval of legislation to cancel these fees. Also read: Trump declares a ‘historical’ agreement with the European Union to avoid the current commercial war that Mercedes has ordered in one of its most prominent markets. The company’s global sales fell 9% to 45,3700 cars in the second quarter, while deliveries in the United States fell by 12%. Customs duties form a key factor in decline, as the demand for models imported from Germany. China’s restrictions are also concerned about the restrictions that Beijing imposed on the rare nature’s exports, a basic group of minerals entering the production of electric cars and advanced technological components. Also read: What are rare minerals? And why is it in the heart of the trade war? China has dominated these mineral worldwide, and in recent months it has tightened restrictions on the shipping, causing concerns among manufacturers. “We have long been working with the networks of our international suppliers and in China to ensure the stability of our supplies,” she said. With his approval that “it cannot be guaranteed forever,” he explained that “Mercedes” has not yet been able to avoid disturbances thanks to the reserve shares and alternative suppliers. He concluded his speech by saying, “We have not experienced any problems yet, and we do not expect the situation to worsen.”