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Trump's tariffs threaten the German automotive industry with billion-euro losses

May 2, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Trump's tariffs threaten the German automotive industry with billion-euro losses

A study by the Kiel Institute for the World Economy estimated that the increase announced by U.S. President Donald Trump in tariffs on cars and trucks coming from the European Union could cost Germany production losses of about 15 billion euros, equivalent to 17.58 billion dollars. The economic institute explained, according to Reuters, that these estimates reflect the potential impact of U.S. tariff measures on European car imports, noting that the German automotive industry, which is one of the main pillars of the economy, has already incurred losses in billions of euros due to previous trade policies. Read the full content on الشروق أونلا...

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