Germany plows

German Economy Minister and Automobile Industry hacked US President Donald Trump’s plans for introduction Sweeping 25% tariffs on car imports in the USSpeaking, this step sends a “fatal signal” to free and trade rules.

Trump said on Wednesday that he would implement tariffs on all cars and auto parts made in the US, imported in the US, as part of the measures that are on April 2.

Responsibilities that coincide withN is even broader pressure on the fee Starting next week, it is a great escalation in the already writing global trade war.

German Economy Minister Robert Habek called on the European Union to give a “decisive response” to Trump’s latest tariff announcement, saying the fees “ultimately harm the US and the EU, and global trade as a whole.”

“The announcement of high-tariffs on cars and automotive details is for German manufacturers, for the German economy, for the EU, as well as the US,” Habek said on Thursday in a statement transferred to Google.

“It is now important that the EU gives a decisive reaction to the tariff-should be clear that we will not back down in the face of the United States. Power and confidence are required,” he added.

On Thursday morning, European car shares were sharply traded below. Supplier of French cars Valeo dropped over 7% shortly after the entrance bell, Milan included Stellantis plunged by 5%and Germany Bmw More than 4%decreased.

“Addressed US 25% tariffs on all cars and lightweight commercial cars that are not manufactured in the US are sent a deadly signal for free trade based on the rules,” Hildgard Mueller, President of the German Automobile Industry (VDA), – Note In a statement on Wednesday.

“The tariffs that are scheduled to come into force on April 2 will lay a considerable load on both the company and the closely intertwined global supply network – with negative consequences, especially for consumers, including in North America,” said Mueller.

Mueller VDA emphasized the economic importance of free and fair trade on both sides of the Transatlantic Partnership and called for an immediate talk between the US and the EU on a bilateral agreement.

“The risk of world trade conflict is with negative impact on the world economy and growth, prosperity, jobs and consumer prices – high on all sides,” said Mueller.

Analysts used to be prevent The German automobile sector appears to be significantly exposed to the US tariff, noting that the country was – at some distance – the largest exporter of cars in the United States in 2023.

Germany Volkswagen. Group Mercedes-Benz In recent months, BMW has issued warnings about profit, citing economic weakness and sluggish demand in China, the world’s largest market market.

Miguel Berger, German ambassador to the UK, – Note Automobile import tariffs in the US were “unfounded” and an attempt to reorganize international trade “on the United States’s Single Benefits”

“The tariffs will cause huge damage to industry and consumers. We need to participate in the negotiations and be prepared for a strong, united response,” Berger said on Thursday on the X Social Media Platform.

The European Association of Car Manufacturers (ACEA) stated that Trump’s authors proposed by Trump’s “deeply” proposed by Trump. ACEA, AUTHER Group, I Similar BMW, Ferrari. Rena. Volkswagen and Volvo.

“The EU and the US must participate in the dialogue to find immediate permission to prevent tariffs and harmful consequences of the trade war,” Acea Sigrid de Vries said in a statement.

Meanwhile, on Thursday, Sweden said on Thursday that they “considered the consequences of changes in the tariffs”, as the Trump administration announced.

“Volvo cars follow the development in different markets, including the US. We comply with state rules and pay all the necessary duties on all imported cars and all parts, as the law requires,” the CNBC CNBC press said.

“At this stage, it is too early to comment on,” they added.