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Volkswagen, Mercedes-Benz and BMW panicked when Trump said he would impose high car tariffs on the European Union.

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)02/25 Report--

A few days ago, according to foreign media Agence France-Presse, US President Donald Trump's trade war plan may further escalate, claiming that if the United States and the European Union cannot reach an agreement, the United States will impose huge tariffs on cars imported from the European Union.

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It has been learned that Trump has proposed a 25% tariff on European cars, especially on Germany, which has caused damage to the US auto industry. At present, the tariff on imported cars in the United States is only 2.5%, and that on trucks is 25%.

On the other hand, the public has stated that the imposition of additional tariffs in the United States will lead to a significant loss of corporate profits. Potential U.S. tariff policies have become the biggest threat to Volkswagen's profit forecasts in 2019, which could cost the company 2.5 billion euros (19 billion yuan) a year, Volkswagen Group CEO Herbert Dis (Herbert Diess) said in an interview.

Deiss also said, "the situation in the United States and Europe has become tense again." Unfortunately, we can't solve this problem from the perspective of the auto industry, it's more like a tariff negotiation between Europe and the United States. "

A number of German luxury car manufacturers have operations in the United States. Mercedes-Benz is the annual sales leader of American luxury car brands, while BMW ranks second. These carmakers have expressed concern that unresolved trade problems will lead to a loss of profits.

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