US auto tariffs would cut EUR 6 bn from German GDP, says DIHK
U.S. President Donald Trump's administration came under fire on Thursday for considering tariffs of up to 25 percent on imported cars and parts.
United States tariffs on imported cars would slash around 6 billion euros ($6.99 billion) off German economic output, the president of Germany's DIHK Chambers of Commerce told German television on Friday.
U.S. President Donald Trump's administration came under fire on Thursday for considering tariffs of up to 25 percent on imported cars and parts, a levy that could raise vehicle costs, hurting auto sales and industry jobs.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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