Germany’s VDMA machinery and equipment manufacturers lobby criticized the EU’s proposed tariff exemption for U.S. products as unfair. The European Commission suggested removing duties on American goods in exchange for reduced U.S. tariffs on European cars. The VDMA warned of job losses and competitive disadvantage if this plan goes through, urging the EU to renegotiate.

Read more at Yahoo Finance: Germany’s VDMA calls EU’s exemption plans for US goods a ‘slap in the face’