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

Mr. Mattis, president of the German Association of Automotive Industry, discusses the potential impact of Brexit on the German automotive sector, emphasizing the importance of avoiding a hard Brexit to maintain a strong supply chain. He highlights the need for free and fair trade globally, particularly concerning tariffs, and describes efforts to communicate these concerns to both the German and US governments. The discussion also touches on the future of the UK auto industry post-Brexit and the complexities of international trade relations.

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

• Increase in production costs

• Disruption of the supply chain

• Loss of skilled labor

• Decrease in car sales

What is the primary focus for politicians to avoid a hard Brexit?

• Improving infrastructure

• Maintaining the EU's unity

• Increasing exports

• Reducing taxes

What is considered crucial for the strength of the German automotive industry?

• High tariffs

• Domestic market expansion

• Free and fair trade

• Government subsidies

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

• They prefer no tariffs

• They support high tariffs

• They are indifferent to tariffs

• They want tariffs only on luxury cars

What has the German automotive industry communicated to the US government?

• The importance of free trade

• The plan to reduce exports

• The need for more investments

• The desire for higher tariffs

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

• By reducing imports

• By creating jobs and exporting from the US

• By increasing taxes

• By closing factories

What is the potential impact of a 25% tariff on German cars?

• Increase in car prices

• Decrease in car quality

• Improvement in US-German relations

• Expansion of the German market