Trump Auto Tariff Hike Threatens $18 Billion Hit to Germany
Germany's automotive industry called for urgent de-escalation in the tariff dispute between the US and the European Union and urged immediate talks after Donald Trump said he would increase auto tariffs on the bloc next week.
An institute said the higher tariffs could cost Germany nearly $18 billion in output, highlighting the potential economic damage from a further escalation in the transatlantic trade dispute.
From the sources (3 posts)
@businessGermany’s automotive industry pleaded for an urgent de-escalation in the tariff dispute between the US and the EU and called for immediate talks between the two after Donald Trump said he would increase auto tariffs on the bloc next week. h
@reutersTrump auto tariff hike could cost Germany nearly $18 billion in output, institute says
@wallstreetmavGerman Chancellor Merz made a huge mistake by insulting President Trump last week. He could have just kept his mouth shut. Germany’s auto industry was already in deep trouble with massive layoffs, closing and moving factories due to energy