The German Minister’s warning of the economic consequences of Trump’s trade tensions

report Mehr Reporter Reuters, Georg He warned that US President Donald Trump’s move to impose customs tariffs on car imports to the United States would harm both its economy and the German economy.

After meeting with Scott Bosent Span>, his American counterpart and other US government officials, he emphasized: Raising the customs tariff on cars to the United States, will hit German carmakers and the German economy in general.

The German official also said that the move would damage the US economy as it increases the cost of imports and leads to a rise in prices for US consumers.

US President Donald Trump on Wednesday issued a tariff on importing all passenger cars and light trucks to the United States from April 5 to 5 %.

Kukiz emphasized that all of the loser in commercial disputes.

is said to be export -oriented car companies in Europe, especially German automobile companies.