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German industry slams Trump's car tariff threat, calls for deal


Published on 2025-02-19 09:21:31 - Reuters
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  • Threats by U.S. President Donald Trump to impose tariffs of around 25% on car imports are a "provocation," Germany's car lobby group said on Wednesday, calling on Brussels to strike a deal with what is its biggest export market.

The German automotive industry has strongly criticized former U.S. President Donald Trump's threat to impose a 10% tariff on all imported cars if he wins the 2024 election, calling it a "threat to the global economy." This statement was made by the German Association of the Automotive Industry (VDA) in response to Trump's comments during a campaign event. The VDA emphasized the need for a trade deal between the EU and the U.S. to prevent such tariffs, highlighting the potential negative impacts on global trade, jobs, and economic growth. They argue that tariffs would not only harm the automotive sector but could also lead to retaliatory measures, escalating into a broader trade conflict. The association urged for negotiations to secure a balanced transatlantic trade agreement by 2025 to mitigate these risks.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/german-industry-slams-trumps-car-tariff-threat-calls-deal-2025-02-19/ ]
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