Published by Global Banking & Finance Review®
Posted on June 20, 2025
1 min readLast updated: January 23, 2026
German car manufacturers incurred €500 million in costs from US tariffs in April, impacting their export business, according to VDA.
BERLIN (Reuters) -German car manufacturers are likely to have incurred costs of around half a billion euros in April due to import tariffs imposed by U.S. President Donald Trump, the head of the VDA auto industry lobby group said an interview published on Friday.
"We have roughly estimated that German manufacturers probably incurred additional costs of around half a billion euros in their export business from Germany to the USA in April," Hildegard Mueller told the Funke media group.
(Writing by Friederike Heine, Editing by Miranda Murray)
German car manufacturers likely incurred costs of around half a billion euros in April due to import tariffs imposed by the U.S.
The estimate was provided by Hildegard Mueller, the head of the VDA.
The additional costs were attributed to tariffs imposed by U.S. President Donald Trump on exports from Germany to the USA.
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