The agreement in the transatlantic customs dispute brings short-term relief – but a flat customs duty rate of 15 percent remains a challenge for the mechanical engineering industry. In the latest video in the ‘Update USA’ series, Andrew Adair explains what the agreement between the EU and the US government means, why it cannot be a permanent solution, and what the VDMA expects from further negotiations: a fair, sustainable trade agreement and the removal of bureaucratic hurdles on both sides of the Atlantic.
