The new US Ambassadr to Germany recently invited the CEOs of VW Daimler and BMW to talk about Tariffs. All of them politely showed up but if the Ambassador was serious, what was the Intention.
Neither the Ambassador nor the CEO can decide anything about tariffs, The US Trade Ministry and the EU Trade Commissioner are in Charge. No one else.
I am not calling it a fart idea, but could it be that this Administration is full of amateurs?
A couple of days ago I heard about this on a business radio, they were saying that Germany/Merkel would not be against removing tariffs on cars, and that French manufacturers aren't worried about US competition. I must say I gasped. While it's true that current US made models wouldn't sell in Europe and that US manufacturers have shown no interest in trying to make competitive models in the US for the EU market, instead having production facilities and design centers in Europe for European models (and in the case of GM, dropping out), US competition is not all competition. WTO rules dictate that a tariff on something applies to all WTO members. That means cheaper Korean, Japanese, Chinese cars in the EU market, and that, I doubt French manufacturers (or Seat, Opel, Skoda, Ford, etc.) are going to let it happen for the sake of BMW/Mercedes/Audi/VW.
I know Trump wants to kill the WTO but the EU isn't having it. The US getting out of it (which it is already doing with its illegal tariffs) would probably devastate the global economy, but if all other members stick to it a recovery would be possible.
New Technology is the name we give to stuff that doesn't work yet. Douglas Adams