German machinery companies are avoiding lucrative Iran market — they fear a US tariff backlash. That has knock-on consequences for German jobs.
President Donald Trump is actually a "huge fan" of Europe, insists new US Ambassador to the EU Gordon Sondland. It's the trade deficit he despises. DW's Teri Schultz talks to Sondland in his first Brussels interview.
Trump's ploy to force countries to choose between doing business with the US or Iran is working. While German firms in Iran have been preparing for months for the sanctions, the outflow of companies is not slowing down.
The new US ambassador to Germany defended planned US tariffs, but said the ball is in Brussels' court. Grenell already made headlines for his Tweet calling on German companies to "immediately" wind down business in Iran.
The trade conflict between the US and the EU escalates: After Trump's threat to slap higher duties on auto imports from the bloc, the EU warns it could sanction US exports worth billions.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version