Trump auto tariff hike could cost Germany nearly $18 billion in output, institute says
- Posted on May 2, 2026
- By Business News Today
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- 1 min read
Trump auto tariff hike could cost Germany nearly $18 billion in output, institute says
Germany faces a potential 15 billion euro output loss due to US President Donald Trump's planned tariff increase on European cars and trucks. The Kiel Institute for the World Economy warns of substantial economic impact. This move highlights Germany's automotive sector's vulnerability to US trade policies. Experts advise caution, noting Trump's history of withdrawing tariff threats.
