June 1, 2018 / 7:54 AM / 6 months ago

Volkswagen concerned by U.S. steel and aluminum tariffs, urges dialogue

FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst/File Photo

HAMBURG (Reuters) - Volkswagen (VOWG_p.DE) expressed “regret and concern” on Friday over the imposition by the United States of tariffs on imports of steel and aluminum from the European Union, urging a return to dialogue on a transatlantic trade deal.

“We fear that this could mark the start of a negative development of measures and counter-measures from which no-one will emerge as the winner,” the German carmaker said in a statement.

“Volkswagen would greatly welcome a resumption of talks on a transatlantic trade agreement between the USA and EU that would reduce bilateral trade barriers.”

Reporting by Jan Schwartz; Writing by Douglas Busvine; Editing by Christoph Steitz

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