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Trump auto tariff hike could trigger Germany 18 billion output hit economists warn now
International
Published on 2 May 2026
A single tariff threat may drag Germany’s auto output
Germany’s economy could take a major hit if Donald Trump follows through on higher US tariffs on European cars and trucks. The Kiel Institute estimates the auto sector may lose about 15 billion euros in output, underscoring how exposed German manufacturers are to US trade swings. Analysts also note Trump has previously backed away from tariff threats.
- Kiel Institute estimates up to 15 billion euros output loss
- Higher US tariffs target European cars and trucks
- German auto sector remains highly vulnerable to trade policy shocks
- Experts say Trump’s past tariff reversals add uncertainty
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times