Reported about 15 hours ago
German car exports to the U.S. experienced significant declines in April and May, falling by 13% and 25% respectively, due to 25% import tariffs imposed by the Trump administration. The VDA industry association highlighted that around 64,300 vehicles were shipped during these months. German Chancellor Friedrich Merz emphasized the urgency of resolving the tariff dispute to safeguard core industries. The estimated cost to German car manufacturers from these tariffs could reach around half a billion euros.
Source: YAHOO