EU Says It Reserves All Options in Response to US Auto Tariff Threat
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The EU is considering all options in response to US President Trump's threat to impose a 25% tariff on European cars and trucks. The European Commission stated it is adhering to trade agreements and keeping the US informed. The Kiel Institute for the World Economy warns that these tariffs could cost Germany nearly EUR15 billion in GDP, with long-term losses potentially reaching EUR30 billion, severely impacting Germany's sluggish economic growth, which is forecasted at 0.8% for this year.
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