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Nothing Works Without EU-Know-How The American Machine Tool Industry is Dead

Source: dpa | Translated by AI 1 min Reading Time

According to Peter Leibinger, President of the BDI (Federation of German Industries), the USA is dependent on Europe in some economic sectors, according to dpa.

Peter Leibinger, President of the BDI, calls for negotiations to be held with the USA first before reacting with counter-tariffs. Last but not least, the Americans are dependent on European machine tools, for example, because there is almost nothing left in the sector there ...(Image: BDI)
Peter Leibinger, President of the BDI, calls for negotiations to be held with the USA first before reacting with counter-tariffs. Last but not least, the Americans are dependent on European machine tools, for example, because there is almost nothing left in the sector there ...
(Image: BDI)

Peter Leibinger from the Federation of German Industries (BDI) cited mechanical engineering as an example of how the USA cannot manage without Europe in some sectors. Among other things, he made it clear: "Around 70 percent of the precision parts that are produced in America are manufactured on German or European machines!" There are basically no more American machine tool manufacturers. However, Leibinger also described the USA as a difficult customer with whom Europe should enter into dialog and make offers. At the same time, the EU must recognize its instruments for positive development and use them if necessary. "America is dependent on Europe for many things and will remain so," said the BDI President. In terms of process sensor technology alone, it would not work without European know-how. But this is needed for every refinery and every pharmaceutical plant. But these systems can only be sourced from a handful of experts in Germany, as Leibinger points out. However, counter-tariffs should only be considered as a last resort. It would be better to calm the waters through negotiations.

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