News: Nobody wins with trade wars
ACEM President and CEO of KTM AG, Stefan Pierer: "Nobody wins with trade wars"
One day ahead of the Brussels European summit, where the 28 Heads of State and Government will discuss trade policy, the European Association of Motorcycle Manufacturers (ACEM) calls on EU governments to exclude motorcycles from the lists of American products on which the EU will increase customs duties. The EU stands ready to retaliate against the US following the decision of the Trump administration to impose additional duties on imports of steel and aluminium products including European ones.
ACEM wrote to the European Commissioner for Trade, Cecilia Malmström, and to the Vice-President of the European Commission, Jyrki Katainen, to express its concern about the escalation of this trade conflict. In its letter, the European motorcycle industry explained that by enacting retaliatory tariffs on American motorcycles, the EU may end up triggering American retaliatory measures against European-made motorcycles and scooters.
Since this would severely damage not only motorcycle manufacturers in Europe, but also European manufacturers of parts, components and accessories (many of which are SMEs) and providers of services demanded by motorcycle companies, ACEM calls on EU governments and the European Commission to exclude American motorcycle exports from their retaliation and compensation lists. ACEM will elaborate on the negative consequences for the motorcycle sector of this trade dispute in its reply to a public consultation launched by the European Commission.
- ACEM President and CEO of KTM AG, Stefan Pierer, who is today attending the ACEM General Assembly hosted by Peugeot Scooters in Sochaux (France), said: "Europe is one of the most important markets for American exporters of motorcycles, and about 30% of all European motorcycle exports go to the US. This trade dispute could be extremely damaging for both sides. Nobody wins with trade wars".
- ACEM Secretary General Antonio Perlot said: "We call on EU Member States to urgently exclude American motorcycle exports from its retaliation and compensation lists. We also encourage the European Commission to work constructively with Washington to reach a negotiated solution to the steel and aluminium issues, and to de-escalate the conflict. The motorcycle sector must not be brought into this trade dispute".
Eingetragen am: 22.03.2018
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