The German auto industry could be the biggest loser in a US-EU trade war

pulse

May 1, 2018 7:37 PM

Some experts warn a trade conflict between the US and Europe could escalate — and hurt the German car industry.

The Trump administration extended steel and aluminum tariff exemptions to US allies on Tuesday by 30 days.
But some experts are stressing that tensions could still escalate.
The German auto industry could be among the biggest losers in that situation.

Analysts

The president has repeatedly taken aim at Europe's biggest auto exporter.

He aired similar grievances in a closed-door meeting with German Chancellor Angela Merkel last week, CNN reports, citing people familiar with the conversation.

pulse

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