Automaker Daimler AG, the top German firm operating in the United States, is confident in its ability to maintain a constructive dialogue with the new US government despite analysts’ concerns over the prospects for German businesses after the victory of Donald Trump, the company’s spokesman told Sputnik.
US President-elect Donald Trump, who has been a vocal opponent of the Trans-Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP) free trade deals, is expected to adopt protectionist economic policies, which can harm business ties with such traditional European partners, as Germany.
“Daimler will continue its constructive dialogue with the new government in the United States. Daimler has been firmly rooted in the US for decades. We are successfully producing passenger cars and commercial vehicles in the US and employ more than 22,000 people in the country. As an employer, exporter and good corporate citizen, we are an integral part of business and the public in the United States,” Daimler AG spokesman Hendrik Sackmann said. Soon after the US election, the president of Germany’s Ifo Institute for Economic Research, Clemens Fuest, warned that trade barriers that Trump is likely to introduce would “cause a huge damage.” He noted that in Germany, 1.5 million jobs depend on US business, and the United States is Germany’s number one trade partner.
The Daimler Group is first in the list of The Top 50 Ranking of German Firms in the United States, leaving Volkswagen behind, according to the publication on German-US trade by the German American Chamber of Commerce (GACC) on the second quarter of 2016.
The Daimler Group is one of the world’s most successful automotive companies, owning shares in a number of car, bus, truck and motorcycle brands, such as Mercedes-Benz, Mitsubishi Fuso, KAMAZ and others. Trade protection, which seeks to curb imports or promote exports by imposing barriers to trade, is strongly supported by Trump, who pledged to opt out of all free trade agreements under discussion and impose tariffs on imports from China and Mexico.