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Olaf Scholz, Germany’s chancellor, stressed on Thursday that his country was counting on cooperation among the European Union members to defend their interests.
From The New York Times
President Trump’s America First era is set to force a painful readjustment.
From Wall Street Journal
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German economic institutes on Thursday cut their growth forecast for this year to 0.1% from the 0.8% expected in September, taking into consideration initial U.S. tariffs on steel, aluminium and cars,
Germany’s seaports are hoping the new US tariffs on car imports will not lead to a sharp drop in throughput. The CEO of Emder Hafenförderungsgesellschaft, Reinhard Hegewald, is worried about the changes.
President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.
While auto manufacturer stocks fell following Trump’s tariff move, shares of auto parts retailers like Raleigh-based Advance Auto Parts saw a boost last week as investors predicted more drivers may invest in maintaining their current vehicles longer rather than purchase more expensive new cars.
8don MSNOpinion
President Donald Trump's auto tariffs will provide powerful incentives for automakers to bring engine and drivetrain production back to the U.S.
The Trump 25% foreign auto tariffs could result in six-figure hikes for American buyers of high-end cars with a major exception
Chicago-area dealerships say they've seen an uptick in sales and foot traffic as President Donald Trump's new taxes on cars and car parts assembled outside the U.S. kick in.
Foreign officials and car companies warned the tariffs could hurt the economy with higher prices. Germany's Finance Minister Joerg Kukies warned on Friday that U.S. tariffs would hit both the ...
21h
Nordot on MSNGermany's DAX stock market index leaps 8.2% after tariffs suspendedGermany's leading stock market index, the DAX, jumped 8.2% to 21,291.15 points at opening on Thursday after US President Donald Trump suspended 20% tariffs on EU goods. In a shock reversal late on Wednesday,