German Carmakers Strengthen the U.S. Economy, Industry Group Says

The transcript features an interview with Mr. Mattis, president of the German Association of Automotive Industry, discussing the potential impacts of Brexit on the German automotive sector. He emphasizes the importance of avoiding a hard Brexit to maintain the strong supply chain between Europe and the UK. The conversation also touches on the future of the UK auto industry post-Brexit, the significance of free and fair global trade, and the potential impact of US tariffs on German cars. Mr. Mattis highlights the efforts made by German automakers to influence US trade policy, stressing the importance of maintaining strong economic ties and avoiding additional tariffs.

What is the main concern for the German automotive industry regarding Brexit?

• Loss of skilled labor

• Increased tariffs and trade barriers

• Environmental regulations

• Decrease in car demand

Why is it important to avoid a hard Brexit according to Mr. Mattis?

• To reduce environmental impact

• To improve relations with the US

• To increase car production in Germany

• To maintain the supply chain between Europe and the UK

What is a significant factor in the complexity of the automotive industry?

• The variety of car colors available

• The global movement of German cars

• The number of car models produced

• The number of car dealerships

What does the German automotive industry prefer for its strength?

• Limited competition

• Free and fair trade

• Government subsidies

• High tariffs

What is the focus of the German government in trade negotiations?

• Reducing car exports

• Limiting car imports

• Increasing car prices

• Ensuring no additional tariffs

How has the German automotive industry contributed to the US economy?

• By reducing car prices

• By creating jobs and exporting from the US

• By limiting car imports

• By increasing tariffs

What is the German automotive industry's stance on tariffs?

• They prefer no additional tariffs

• They support high tariffs

• They want tariffs only on luxury cars

• They are indifferent to tariffs