Live Demo Agent Trial
Live Demo Agent Trial Log In Sign Up
News Wire / economy

US Threatens 25% Tariffs On EU Autos

NDR Info Hamburg 10d10d Impact 8

Economic researchers warn of negative growth effects due to rising US auto tariffs. One report estimates a potential financial burden of 30 billion euros, which could grow longer-term. The tariffs could further increase for German export companies. US Defense Secretary Hagel has ordered 5,000 troops to be deployed. The German automotive sector would be particularly affected, according to the IFW. A German furniture component producer is specifically mentioned as facing these tariffs. The tariffs are criticized by Germany. Heavy equipment is being transported quickly to a potential conflict zone. If US President Trump proceeds with these measures, the impact would be substantial, particularly for German export companies. The United States is escalating its trade dispute with the European Union by threatening to increase tariffs on cars and trucks from the EU to 25 percent.

Economic researchers warn of negative growth effects due to rising US auto tariffs. One report estimates a potential financial burden of 30 billion euros, which could grow longer-term. The tariffs could further increase for German export companies. US Defense Secretary Hagel has ordered 5,000 troops to be deployed. The German automotive sector would be particularly affected, according to the IFW. A German furniture component producer is specifically mentioned as facing these tariffs. The tariffs are criticized by Germany. Heavy equipment is being transported quickly to a potential conflict zone. If US President Trump proceeds with these measures, the impact would be substantial, particularly for German export companies. The United States is escalating its trade dispute with the European Union by threatening to increase tariffs on cars and trucks from the EU to 25 percent. President Trump cited the EU's alleged failure to adhere to a previously agreed trade deal as the reason for this action. The United States plans to penalize other NATO countries, including Spain and the United Kingdom, in addition to the previously reported tariff threats on EU autos.

Topics

tariffs exports economic growth

Developing

  1. 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
  2. 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
  3. 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
  4. 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.

Sources · 7 independent

NDR Info

“Wirtschaftsforscher warnen vor negativen Wachstumseffekten durch steigende US-Autozölle. Sollte US-Präsident Trump die...”

SRF 4 News

“Ankündigung, sie belaste den transatlantischen Handel erheblich. Betroffen von diesen neuen Zöllen”

NDR 2

“Milliarden Euro zu rechnen, die längerfristig auf 30 Milliarden Euro anwachsen könnten.”

SWR Aktuell

“insbesondere für die deutschen Exportunternehmen, weiter an. US-Verteidigungsminister Hagel hat angeordnet, 5000”

ABC Radio Sydney

“team for the Warriors. Referee here will be Gerard Sutton with White.”

MDR Aktuell

“die Effekte wären substanziel. Laut IFW wäre der deutsche Automobilsektor besonders betroffen.”

SWR Aktuell

“insbesondere für die deutschen Exportunternehmen, weiter an.”

NDR Info

“Wirtschaftsforscher warnen vor negativen Wachstumseffekten durch steigende US-Autozölle.”

German Furniture Component Producer Faces US Import Tariffs

“German Furniture Component Producer Faces US Import Tariffs”

RNZ National

“to a ceasefire, meaning he doesn't need congressional authorization for the conflict.”

Germany Criticizes US Trade Deal Compliance

“Germany Criticizes US Trade Deal Compliance”

Germany Criticizes US Tariffs On Cars

“Germany Criticizes US Tariffs On Cars”

Vikerraadio

“ja muuta raskaa teknikkaa veoksi, mitä sotaväkeä tulee kiireesti suuntaa mahdollisessa konfliktiin.”

Polskie Radio 24

“Штатах. Мы повысили тарифы на автомобили, экспортируемые из Европейского Союза, потому что”

Radio ZET

“Дональд Трамп не исключил подобного движения также в других европейских странах. США также информировали союзников о длительных задержках в поставках американской брони.”

MDR Aktuell

“Laut IFW wäre der deutsche Automobilsektor besonders betroffen.”

MDR Aktuell

“Die europäische Zusage, die Zölle für US-Einfuhren zu senken, liegt im Moment dem Parlament zur Zustimmung vor.”

NDR Info

“Hinzu kommt nun eine neue Eskalation im Zollkonflikt zwischen den USA und der Europäischen Union.”

BCC News Taiwan

“Reuters reported that the United States also plans to punish other NATO countries, including Spain and the United Kingdom.”

Unlock the full story

Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.

Log in to upgrade