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Trump Hikes EU Car Tariffs to 25%, Germany Hit Hard
Published 2 weeks, 5 days ago
Description
President Trump escalates trade tensions with EU by imposing 25% tariffs on cars and trucks, potentially causing a significant blow to Germanys economy and the broader EU market. Economists predict a doubled impact of around €30 billion over time. The German economy ministers top advisor advises caution, noting Trumps history of backing off tariff threats. The EUs response remains to be seen, but trade tensions are intensifying.
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