Trump auto tariffs may cost Germany 18 billion dollars
The Kiel Institute reports that a 25% tariff on EU vehicles could reduce German output by 15 billion euros. Long-term losses may reach 30 billion euros.
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United States President Donald Trump will raise European Union auto tariffs to 25%, potentially costing Germany $17.58B in output. The 10-percentage-point hike follows claims that the bloc failed to comply with existing trade agreements. A $17.58B hit threatens a German economy already projected to grow just 0.8% this year.
