VW CEO says “growing protectionism also poses major challenges for the globally integrated automotive industry.”
A list of the current trade battles that are occurring on numerous fronts.
U.S. economy would contract by between US$6.4 billion and US$62.2 billion.
The rate hasn’t been this high since December 2008.
The German automaker has formed a JV with Chinese SUV maker Great Wall Motor.
One European business advocate says companies are “scrambling to readjust supply chains'” so US-bound goods don’t pass through China.
EU has threatened retaliatory tariffs.
Mexico differing on auto parts that benefit production in high-wage jurisdictions.
Future talks are slated for late February in Mexico, then for Washington a month later.
Essilor also acquires PPG’s optical sun lens business; PPG to continue to supplying optical dyes and R&D services.
Global economy to grow modestly for the rest of the year.