BMW calls for transatlantic deal to prevent spiral of tariffs

Will these tariffs now be the final drop, bringing a certain German car manufacturer down on its knees? No, Is it going to be painful? Sure.”

Brzeski added

We still need to do a bit of the number crunching – but there is no real data. We don't know the price preference of US customers for Porsche or Mercedes.”

Carsten Brzeski, head of macro at ING Research said

A trade conflict between these economic regions would not have any benefits,

the company said in the emailed statement

The German automotive industry is calling for immediate negotiations between the US and the EU on a bilateral agreement,

VDA president Hildegard Mueller said in a statement

Overall, the export losses are limited, as cars are often produced close to the sales market,

IfW trade economist Julian Hinz said in comments carried by FAZ

The EU must now give a firm response to the tariffs - it must be clear that we will not back down in the face of the USA,

Economy Minister Robert Habeck said

We shouldn't bring an already complex situation further to a head. Rather than get embroiled in boycotts, tariffs and counter-tariffs, we should seek dialogue with the United States over the transatlantic trade questions of the future,

said BGA president Dirk Jandura