German auto lobby welcomes EU approval of US trade deal but tariffs still weigh

The European Parliament's approval of the Brussels-U.S. trade deal gives German automakers some clarity, but the industry says trade barriers remain too high. Tariffs on trucks are still described as particularly steep, leaving a continued headwind for the sector despite the policy progress.

Analysis

The European Parliament's approval of the Brussels-U.S. trade deal gives German automakers some clarity, but the industry says trade barriers remain too high. Tariffs on trucks are still described as particularly steep, leaving a continued headwind for the sector despite the policy progress.