Wissmann Says Open Markets Are Precondition to Success

The transcript discusses the relationship between President Trump and Europe, focusing on its impact on the automotive industry. It highlights the importance of open markets and the significant production of German cars in the US, which contributes to a better trade balance. The dialogue also touches on the potential for trade negotiations between the US and the EU, emphasizing the benefits of reducing tariff barriers for both sides.

What is the main reason German carmakers are emphasizing their production in the United States?

• To increase car prices

• To improve the US trade balance

• To decrease competition

• To reduce production costs

What message did German automakers convey during their recent visit to the US?

• The importance of reducing car prices

• The benefits of open trade policies

• The need for more tariffs

• The necessity of increasing production costs

What did the American trade secretary express openness towards?

• Limiting car exports to Europe

• Increasing tariffs on European cars

• Negotiating trade agreements with the EU

• Reducing car production in the US

What would be the benefit of removing tariff and non-tariff barriers according to the transcript?

• It would only benefit European countries

• It would only benefit the United States

• It would benefit both the US and European countries

• It would have no impact on car manufacturers

What is the potential outcome of successful trade negotiations between the US and the EU?

• Increased tariffs on European goods

• A win-win situation for both sides

• A loss for European car manufacturers

• A decrease in car production