Overview
- Peter Leibinger, president of Germany's BDI, emphasizes that the U.S. is heavily reliant on European precision machinery and process sensors.
- Approximately 70% of precision parts manufactured in the U.S. are produced using European or German machine tools, with few domestic alternatives available.
- Critical process sensor technology for U.S. refineries and pharmaceutical plants is supplied by a small number of German firms.
- Leibinger calls for the EU to engage the U.S. in proactive dialogue and offer concessions, despite describing Washington as a 'difficult customer.'
- Counter-tariffs should only be considered as a last resort, with negotiation being the preferred approach to resolving trade tensions.