Proposed U.S. tariff hike could cost Germany $18 billion, says France 24
Fast facts
- Category: Business
- Language: EN
- Published: 2026-05-02 11:24 UTC
- Sources: France 24 English
France 24 reports that President Donald Trump plans to raise tariffs on European cars and trucks to 25 percent, a 10‑point increase from the July agreement. Analysts warn the move could inflict an $18 billion hit on Germany’s auto industry, intensifying trans‑Atlantic trade tensions.
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