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German Industry Chief Urges EU to Leverage US Dependence on European Technology

BDI President Peter Leibinger highlights America's reliance on European machinery and sensors, advocating strategic negotiation over counter-tariffs.

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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.