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The main European economy is expected to take the largest blow from the “Liberation Day” tariff in Donald Trump, which will be announced on Wednesday. The American president did not reveal the full range of fees, but he threatened to formulate “all countries”.
However, a 25 % tax has confirmed all the cars imported to the United States, which can hurry the disaster to the largest products in Europe of cars, Germany. Oliver Chapman, CEO of the Supply Series Management Company OCIThe largest economy in Europe can see its largest industry “was severely affected.” “The automobile industry will be strongly affected by” liberation day “as shown in the Trump tariff announcement.
“Germany is likely to be affected more than others with a 25 % tariff on foreign vehicles.
In 2024, Germany produced 4.1 million passengers, including approximately 1.3 million electric cars. In terms of exports, nearly 3.4 million new cars were sent abroad, at a value of 112 billion pounds, with the United States importing 13 % of this.
Two most popular brands for German cars are BMW and Mercedes-Benz, and Mr. Chapman warned that they were “seriously affected” on April 2.
“The United States is a major importer for BMW and Mercedes-Benz. It ranks first as one of the best buyers of these, as places regularly exchanged with China. Both car manufacturers can be seriously affected on Wednesday.”
Trump told NBC News that he does not care if the cost of vehicles increased due to definitions, and cars that contain more parts of the United States suggest competitive prices.
Since he took office again in January, the president has been determined to fight against what he believed to be unfair conditions for the United States.
He said: “This is the beginning of the liberation day in America. We will accuse countries of doing business in our country and take over our jobs, take our wealth, and take many things they were taking over the years.
“They took out many of our country and our friend and our promise. Frankly, the friend was often much worse than the enemy.”
“You start with all countries. Basically all the countries we are talking about,” the Republican told reporters in the first air force.
