German Auto Industry Faces Uncertainty Over Potential US Tariffs

German car exports rose by 2.5% in 2024, but export values declined as the US, its largest market, awaits a decision on a proposed 25% tariff by President Trump.

German car exports increased to 3.4 million vehicles in 2024, with the United States accounting for 13.1% of exports, making it the largest market.
Despite the rise in export volumes, the value of German car exports declined by 1.3%, reflecting shifting market dynamics.
Imports of cars into Germany dropped significantly in 2024, with an 11.5% decrease in volume and a 12.8% drop in value.
President Donald Trump has threatened a 25% tariff on EU car imports, with a formal announcement expected in early April, potentially disrupting German auto sales in the US.
The US market remains critical for German automakers, with brands like Porsche, BMW, VW, Audi, and Mercedes-Benz heavily reliant on North American sales.