Trump's tariffs would raise German auto costs in the US.

Started by bosman, 2025-02-20 02:12

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Trump's tariffs would raise German auto costs in the US.
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President Donald Trump's proposed tariffs were described by a German auto association as a "provocation" that would raise costs for American consumers. Any more duties, the group added, would "directly hit the American economy." VW's symbol in the United States According to the VDA, there are about 138,000 German auto workers in the US.

 The German Car Association (VDA) praised US-German auto commerce on Wednesday, but cautioned that it would suffer if US President Donald Trump levies tariffs on the nation or the auto sector. Trump has placed a variety of tariffs on other nations to begin his second term, and he has promised to enact more. The European Union and its biggest economy are bracing for impact. The automotive sector is a cornerstone of Germany's economy. According to data from the Germany Trade and Invest (GTAI) office, the sector accounted for 17% of Germany's overall exports in 2023, making it the product group with the greatest export share. What was said by the VDA? The VDA emphasized the value of trade and investment ties with the United States in a statement posted on its website on Wednesday by its president, Hildegard Müller. "Further tariffs would directly hit the American economy and make products for US consumers more expensive," Müller stated, adding that "a tariff of 25%, currently mooted by President Trump, is a provocation." Some important data about the German auto industry in the US was supplied by the association

According to the report, German automakers produced over 900,000 automobiles in the USA in 2023, with around half of those vehicles being shipped worldwide. "The USA as an automotive location therefore also benefits from international trade and the commitment of the German automotive industry," Müller stated.

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