Volkswagen expresses concern over U.S. steel tariffs

The Volkswagen on Friday expressed “regret and concern” over the imposition of tariffs by the United States on imports of steel and aluminium from the European Union.

The company urges a return to dialogue on a transatlantic trade deal.

“We fear that this could mark the start of a negative development of measures and counter-measures from which no-one will emerge as the winner,’’ the German carmaker said in a statement.

“Volkswagen would greatly welcome a resumption of talks on a transatlantic trade agreement between the USA and EU in order to reduce bilateral trade barriers.”