Trump’s proposed tariffs could cut German car exports to U.S. by half

Proposed 25 percent import tariffs on cars by the United States could cut German car exports to the U.S. by 50 percent in the long-term and heavily affect exports to other countries, a study by the German Ifo institute showed on Friday. “These tariffs would cut total car exports from Germany by 7.7 percent, which would amount to 18.4 billion euros,” Gabriel Felbermayr, foreign trade expert at Ifo, said in a statement…