US Tariffs Cost German Auto Industry Over $575Mln in April - Industry Association

NAMPA / Sputnik

2025-06-20

MOSCOW, June 20 (RIA Novosti) - US import tariffs cost the German automotive industry approximately 500 million euros ($575.1 million) in April alone, President of the German Association of the Automotive Industry (VDA) Hildegard Mueller said on Friday. "We roughly estimated that German manufacturers incurred additional cost of around half a billion euros in export deals to the US from Germany in April … In May, tariffs on auto parts were added,"......

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