The American Association of Equipment Manufacturers and the Committee for European Construction Equipment issued a joint statement asking American and European government leaders for a friendlier trade environment. After the recent World Trade Organization ruling on European Airbus subsidies, the U.S. announced tariffs of $7.5 million in European goods, including some construction equipment.
“Equipment manufacturers in the U.S. are proud to stand with our European partners in calling on the U.S. and EU policymakers to affirm their commitment to a strong transatlantic relationship,” says Kip Eidenberg, AEM VP of Government Affairs. “Our partnership has brought considerable benefits to consumers, workers, and businesses of all sizes on both sides of the Atlantic.”
Eidenberg also says supply chains drive 80 percent of global trade, and tariffs on European manufacturing products will hurt American businesses that source parts and components from across the EU. “We’re asking Washington and Brussels to recognize the importance of our transatlantic alliance and the negative impacts that tariffs have on equipment manufacturers,” Eidenberg adds.
