Overview

• President Donald Trump is set to announce new tariffs on auto imports during a press conference at 4:00 PM local time (9:00 PM CET).
• The proposed tariffs are expected to significantly impact German automakers and suppliers, raising concerns about economic repercussions.
• Trump has frequently expressed frustration over the disparity in auto import tariffs between the US and the European Union, where EU exports to the US face a 2.5% tariff while US exports to the EU face 10%.
• This announcement follows earlier trade measures, including 25% tariffs on steel and aluminum imports imposed on March 12, 2025.
• The move has heightened fears of an escalating global trade war, with potential severe consequences for international markets and industries.