- German carmakers say potential punitive U.S. tariffs on European car and part imports are casting a large shadow over the industry.
- Tariffs have not been decided upon yet.
- Germany’s car industry is a key driver of Europe’s largest economy.
Alongside seismic structural shifts taking place in the car industry including electrification and autonomous vehicles, German carmakers say that the potential for punitive U.S. tariffs on European car and part imports are casting a large shadow over the industry. CEOs at the Geneva Motor Show told CNBC that geopolitical tensions and the threat of trade wars were the biggest unknown facing the industry right now.
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