German carmakers caught in crossfire of US-China trade row
China’s proposed 25 percent tax on US car factory exports will hit nearly 270,000 vehicles, with German carmakers accounting for 7 billion US dollars of the 11 billion total, writes the news agency Reuters. “This is a tax on southern Germany, not the US,” analysts at Evercore ISI told Reuters. “A 25 percent additional auto tariff would represent a 1.73 billion US dollar negative tariff impact directed at southern Germany by China,” they said.
Read the article in English here.
For background, read the CLEW dossier The Energiewende and German carmakers.