Institución: Trump planea aumentar los aranceles a los automóviles, lo que podría causar una pérdida de valor para Alemania de casi 18 mil millones de dólares

Golden Finance reports that on May 2nd, an economic institution analyzed that U.S. President Donald Trump announced tariffs on European Union cars and trucks, which could lead to a loss of nearly 15 billion euros (about 17.58 billion dollars) in German output.
This estimate from the Kiel Institute for the World Economy (IfW) highlights the vulnerability of the EU’s largest economy to U.S. import tariffs — such tariffs have already caused German auto industry losses of billions of euros.
The institute’s analysis states, “The impact will be very significant,” and in the long term, output losses could rise to about 30 billion euros.
Moritz Schularick, director of the Kiel Institute for the World Economy, said:
On Friday, Trump announced that next week he will raise tariffs on EU cars from the previously agreed 15% to 25%, citing the EU’s failure to comply with trade agreements reached with Washington.
Julian Sinz, an economist at the Kiel Institute, said: “Germany’s already sluggish economic growth will suffer a heavy blow.”
The institute currently estimates that Germany’s economy will grow by 0.8% this year.
The institute added that other European economies with large automotive industries, such as Italy, Slovakia, and Sweden, could also suffer significant losses.
Jens Sudekum, chief advisor to Germany’s Minister of Economy, advised caution regarding Trump’s actions.
Sudekum stated: “The EU should currently just observe and wait. It is well known that Trump often withdraws or retracts his high-profile tariff threats.”
He pointed out that Trump must clarify why he believes the EU has not complied with existing trade agreements, and whether the latest tariff threats have a legal basis remains unclear.
The advisor said: “All of this seems quite impulsive.” (East News Agency)