As tensions between the United States and the European Union continue to escalate, Germany’s car industry is bracing for the impact of yet more tariffs. President Donald Trump has announced retaliatory tariffs that are expected to have a global effect, with German carmakers being hit particularly hard.
In addition to a 25 percent import tax on cars exported from the EU to the US, Trump has also imposed tariffs on other European exports. This has put German car manufacturers on edge, as they face the prospect of increased costs and decreased competitiveness in the American market.
The European Union has vowed to retaliate against the US trade measures, with a “strong plan” in place to counter the tariffs. This looming trade war is likely to have serious consequences for the global economy, as two of the world’s largest trading blocs face off in a battle over tariffs and trade policies.
As the situation unfolds, German carmakers are left to navigate the uncertain terrain of international trade, trying to mitigate the potential damage to their businesses. The future remains uncertain, as both the US and the EU show no signs of backing down in their trade dispute.
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Video “Trump's 'Liberation Day' tariffs leave Germany's carmakers bracing for more pain | DW News” was uploaded on 04/02/2025 to Youtube Channel DW News