BERLIN (Reuters) - United States tariffs on imported cars would slash around 6 billion euros ($6.99 billion) off German economic output, the president of Germany's DIHK Chambers of Commerce told German television on Friday.
U.S. President Donald Trump's administration came under fire on Thursday for considering tariffs of up to 25 percent on imported cars and parts, a levy that could raise vehicle costs, hurting auto sales and industry jobs.
DIHK President Eric Schweitzer said on ZDF television that he took Trump's threats "very seriously" and added such tariffs would be "against international law".
He said such levies would not only result in job losses in Germany and Europe but would also hit jobs and investment in the United States.
($1 = 0.8578 euros)
(Reporting by Gernot Heller, writing by Michelle Martin, editing by Larry King)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
