Shanghai — The global automotive industry faces turbulence as U.S. tariffs risk causing 'losses for all parties involved,' warned Hildegard Müller, president of the German Association of the Automotive Industry, during an exclusive interview with CGTN at the 21st Shanghai Auto Show. The event, a barometer for Asia's economic trends, drew global automakers showcasing innovations amid rising trade tensions.
Müller emphasized that tariffs disrupt supply chains, particularly affecting German manufacturers with production hubs in the U.S. and the Chinese mainland. 'Such measures penalize collaboration in an increasingly interconnected sector,' she stated, urging resolution through multilateral negotiations. Her remarks echo growing concerns among EU leaders about fragmented trade policies stifling post-pandemic recovery.
The auto industry contributes $1.3 trillion to global GDP annually, with Asia-Pacific markets driving nearly 40% of growth. Analysts warn prolonged tariff disputes could delay green-energy transitions in automotive sectors, a key focus at this year’s Shanghai event. Müller’s call for dialogue aligns with the Chinese premier’s recent appeals for 'open markets and equitable partnerships.'
For business professionals, the tensions highlight risks in cross-regional investments. Meanwhile, Asian diaspora communities and researchers monitor how these policies might reshape manufacturing corridors from Shenzhen to Stuttgart.
