MUNICH (Reuters) – Germany’s Deutz, whose engines go into farming and construction vehicles, said it plans to fully add tariffs to prices it charges U.S. customers, partly because many of the group’s rivals are also based outside the United States.
“It will have the effect that everything will be passed along to customers,” CEO Sebastian Schulte told journalists at a press briefing late on Tuesday, adding that smaller rival engines are manufactured in Japan and Britain.
(Reporting by Alexander Huebner; Writing by Ludwig Burger; Editing by Miranda Murray)
